PFC gave one profit booking opportunity today.
It is still in downtrend. Perhaps it could show some initial up movement tomorrow along with market direction, however, eventually it should settle around 178-179 before it will start recovery.
If it touches 178-179 within next two days, then 190 PUT option would be priced at 14-14.50. Better to book full profit in the range of 13-14., partial booking in the range of 10.50-11.10.
Buy IFCI 25 PUT at 0.95 and sell IFCI 22.5 put @ 0.50.
Maximum loss could be around 4000/- and maximum profit could be around Rs. 16000 if IFCI closes below 22.50 at expiry.
Kindly book the profit as soon as there is gain of about 2%, when IFCI would come near 26/25.75, gain in this strategy will be more than 2%.
It is still in downtrend. Perhaps it could show some initial up movement tomorrow along with market direction, however, eventually it should settle around 178-179 before it will start recovery.
If it touches 178-179 within next two days, then 190 PUT option would be priced at 14-14.50. Better to book full profit in the range of 13-14., partial booking in the range of 10.50-11.10.
Buy IFCI 25 PUT at 0.95 and sell IFCI 22.5 put @ 0.50.
Maximum loss could be around 4000/- and maximum profit could be around Rs. 16000 if IFCI closes below 22.50 at expiry.
Kindly book the profit as soon as there is gain of about 2%, when IFCI would come near 26/25.75, gain in this strategy will be more than 2%.
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