ITC has taken good support and rallied... buy buy buy...
if you are not willing to buy in futures take options =>buy 215 CE sell 225 CE ...
expectation is it will reach 225 so by that time expiry comes in and you can eat premium of 3200
maximum loss is 5500 if it starts falling down to 195 then sell one more 225 CE you will loose around 2k-3k which is nothing
I bought 215 ce at 2.65 and sold 225 ce at 2.65 already at 700 profit...
I think ITC is a good dividend yield company and holding it will give you 5 to 7% profit i dividend yield itself and if it rallies that is extra... so buy in stocks if you have money
if you are not willing to buy in futures take options =>buy 215 CE sell 225 CE ...
expectation is it will reach 225 so by that time expiry comes in and you can eat premium of 3200
maximum loss is 5500 if it starts falling down to 195 then sell one more 225 CE you will loose around 2k-3k which is nothing
I bought 215 ce at 2.65 and sold 225 ce at 2.65 already at 700 profit...
I think ITC is a good dividend yield company and holding it will give you 5 to 7% profit i dividend yield itself and if it rallies that is extra... so buy in stocks if you have money