Infy: Chart set up and trading view

Infy

- 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.
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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
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