Employ covered put strategy in Titan for a target of 940

Titan Daily charts showing weakness at higher levels. HNI traders may employ a covered put strategy for a week outlook. G0 short in futures at CMP 958.5 and sell 940 PE at around 15.2 rupees and leave the positions till expiry or spot touching 920 leve or till you receive 3-5% ROI.

Comment:

Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.

Trade closed manually:

Stock closed when it tested 945-950 levels.