Exit Maruti strategy at marginal loss.
Book profit in IDFC PUT sell
ITC can rally up to 340
Buy ITC 320 CALL at around 12 and sell ITC 340 CALL around Rs 5/-
If ITC closes above 340 at expiry maximum profit could be 13000/- or if closes below 320 maximum loss will be 7000/-
Risk reward ratio is good. One need not wait till expiry and should book profit, if trade is giving more than 2% return on investment anytime before the expiry.
Average NIFTY 6100 lots. or Sell 6200 October expiry NIFTY call around 20/-
JPAssociate:
Sell JP Associate 40 PUT between 4.5 and 5. SL 6.5, Target 2.6/-
Disclaimer: This blog does not take any responsibility of your profit/loss
Book profit in IDFC PUT sell
ITC can rally up to 340
Buy ITC 320 CALL at around 12 and sell ITC 340 CALL around Rs 5/-
If ITC closes above 340 at expiry maximum profit could be 13000/- or if closes below 320 maximum loss will be 7000/-
Risk reward ratio is good. One need not wait till expiry and should book profit, if trade is giving more than 2% return on investment anytime before the expiry.
Average NIFTY 6100 lots. or Sell 6200 October expiry NIFTY call around 20/-
JPAssociate:
Sell JP Associate 40 PUT between 4.5 and 5. SL 6.5, Target 2.6/-
Disclaimer: This blog does not take any responsibility of your profit/loss
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