Update:
Book profit in straddle strategy.
Book profit in LT.
Book profit in NIFTY 8000 CALL
Book profit in 16600 BANKNIFTY CALL contract.
RELINFRA
Kindly see chart. Stock is trading around 715.
It is clear double top formation.
It could slide down to 620 level, if pattern works.
Bear spread strategy:
Buy 660 PUT around 9.50-10
Sell 630 PUT around 4-4.50
Maximum loss could be between 2500-3000/-
and maximum profit potential about 12000/-
To cover loss (if any), in addition to above bear-spread, one can sell 860 CALL around 4/-
Risk takers can buy only 660 PUT with appropriate stop loss.
Disclaimer: This blog does not take any responsibility of your profit/loss
Book profit in straddle strategy.
Book profit in LT.
Book profit in NIFTY 8000 CALL
Book profit in 16600 BANKNIFTY CALL contract.
RELINFRA
Kindly see chart. Stock is trading around 715.
It is clear double top formation.
Bear spread strategy:
Buy 660 PUT around 9.50-10
Sell 630 PUT around 4-4.50
Maximum loss could be between 2500-3000/-
and maximum profit potential about 12000/-
To cover loss (if any), in addition to above bear-spread, one can sell 860 CALL around 4/-
Risk takers can buy only 660 PUT with appropriate stop loss.
Disclaimer: This blog does not take any responsibility of your profit/loss
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