- the stock is managing to hold on to gap zone levels
- important support levels 1480 / 1444 / 1433
- 20 day EMA and 63 day EMA at 1562 and 1545 respectively
Given the setup, one may consider to sell Infy January expiry 1460 Put option
The strategy has a profit potential of 10% on Margin requirement and provides protection for a fall up to 1437.5 odd levels ( covering most of the known risk on charts)
Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!!
Take care & safe trading...!!!
Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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