DLF: Chart set up and trading strategy for January month expiry

DLF
CMP 243

Observation
- level around 262 represents the Line of Resistance for DLF

Given the set up one may consider the following strategy

- Sell DLF 270 Call Option around 4.8
- Buy DLF 290 Call Option around 1.8

Lot size 3300

Max profit potential in the strategy Rs 9900/
ROI potential - 12.5% on Margin Capital requirement

In built loss protection for a rise in price up to 273 on 28 January 2021

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


DLFNIFTYoptionsSupport and ResistancetradingviewTrend Analysis

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