DLF
CMP 148.50
The zone of 168-177 may not be easy to cross and it may act as a resistance zone.
Given the view
one may Consider the following strategy
Consider Selling DLF 30 April 2020 expiry
Call option
Strike Price: 160
CMP: 10.50
Lot size: 3300
The strategy has a maximum profit potential of Rs 34650/- (Profit potential of 22.5% on Margin amount)
Loss in strategy only if DLF closes above 170.50 on 30 April 2020.
(Inbuilt loss protection of Rs 74250)
Take care & safe trading...!!!
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