On studying chart of the Giant TITAN, looking the stock is regularly trying to breach its recent high & to move further, Traders can play with option buying call of 1600 and selling put of 1600 and buying put of 1580 with long on TITAN FUT . Lots of strength looking behind put side as there is much time in expiry and hope that there can be good profits accrue. However, there may be a strict stop loss will be applied near 1570 levels to save the position. Breakeven at expiry around 1566. Approx margin 1,70000/-
Trade closed: target reached:
Hope you almost achieved around rupees 60000/- a big gain more than 30% in a day on the investment of rupees 1,70000/-