The stock has seen a stupendous rally....
we observe two gaps in the region around 280...once while going up and the 2nd while coming down....
Going forward, 282-288 zone could be a crucial resistance level to watch out for...
Given the set up one may Consider
selling Feb expiry 310 Call option around 10
& buy 330 Call Option around...
269 -272 looks crucial resistance zone
Given the set up one may consider selling DLF 25 Feb 2021 expiry 300 Call option around 6-8 (CMP 6.2)
Max profit potential in strategy Rs19800 - Rs 2400/- per lot as long as it closes below 300 on 25 Feb 2021
Loss protection in strategy for a rise up to 306 - 308
As a risk management measure we would...
On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart
One may consider selling February expiry 3250 Call option in the range of 60-80
Lot size 300
Max profit potential in strategy Rs 18000 - Rs 24000/- per lot
In built loss protection for a rise in price up to 3310-3330 on...