DLF: Chart set up & strategy

DLF
CMP 152.85

- Resistance around 155-157

- Support around 144 / 142

Given the set up one may consider selling DLF 160 Call option around 7

Lot size 3300

Max profit potential Rs 23100/- per lot
Yield potential 13% approximately

In built loss protection for a rise in price up to 167 on 30 July

Take care & safe trading...!!!


Discliamer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be