balaji_damo
Long

UPL - Long

NSE:UPL   UPL LIMITED
UPL is in downtrend and is taking support at 680.

Keep strict SL as it is against trend.

Go long above 719 with SL at 700 for T1 - 730 T2 - 740 T3 - 745

This requires trade management if it goes south with nifty .

Alternatively one can go short on 680 PE at 5.5 and 760 CE at 7 together for 15000 INR in 13 days.
Dec 18
Comment: As expected it did go south with Nifty.... one can look for reentry again

Options trade is on...
Dec 21
Trade closed: target reached: T2 reached and made high of 744.3
Dec 27
Comment: Options are almost 0.05
Dec 29
Trade closed: target reached: Spot expired at 762 giving good returns on options trade
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