DLF: Chart view and trading strategy

DLF

Observations
- Stock has done a 76.4% retracement of the fall from 359.25 to 303 levels

Given the set up one may consider to sell DLF

F&O strategy

Consider Bearish Call spread

Sell DLF 350 Call option around 11

Buy DLF 370 Call option around 5

Net receivables in strategy 19800/- per strategy lot (yield potential around 20% till expiry)

Be cautious if DLF closes above 346

The strategy has Inbuilt loss protection for a rise up to 356 till expiry

Take care & safe trading..!!!

Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

評論:

Strategy update

350 Call option 6.25 ( selling at 11)

370 Call option 2.55 ( buy at 5)

Net profit Rs 7590/- per lot so far

評論:

350 Call option cmp 22

370 Call option cmp 12.5

Book profits in 370 Call option and adjust the same in 350 Call price and hold