Breakdown or Breakout . Nifty 50 Break the level and sustaining hourly at ATH. If close Above 18630, It's a Clear Cut Breakout.
Also keep in mind the Gujrat election result , it will also impact the overall trend .
Plan Accordingly
Buy INFY 1700 PUT Sept Expiry
Premium Sl- 23.85
Target Expected - 60
(Target should be Exceeded if you shift your position to the next month expiry )
Or you can Sell a call
TARGET - 17650
SL- 17615
It will achieved the target within two days so you can buy call or sell put accordingly..
Preferred to sell put because of premium decay..
