Just to reiterate - 868-888 may act as resistance zone - Minor support at 835-840 - If that is taken out then downside possibility opens up once again for sub 800 odd levels
Given the setup one may consider to go for a Bear Call Spread strategy for Feb series
Sell 880 Call option Buy 920 Call option
Profit potential of 11.6% on Margin requirement. Risk of rise up to 888 is taken care of by the strategy.
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
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.