Tata Motors: Chart set up & trading strategy

Tata Motors

- trading near 200 day EMA

- 50 day EMA around 429

- trend line resistance around 460

- 470 another resistance zone

- Support at 380



Given the set up, strategy for June expiry

Consider selling 480 Call option and 360 Put option
Lot size: 1425
Net incoming: 10.25 approximately

Profit potential Rs 14606 per lot (10%)

Risk if Tata Motors closes above 490.25 or below 349.75 on 30 June 2022

Take care & safe trading...!!!