Infy: Chart set up and trading strategy

Infy

Observations

- multiple resistance seen between 1745-1820

- line of resistance level around 25 Nov is around 1855

- support around 1667

- major support around 1600-1592 levels

For any cash buying decisions, that's the zone where risk::reward ratio looks most favorable
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Given the set up F&O strategy that may be considered

- Sell 1840 Call option

Yield potential 9-10% on margin requirement
Risk of stock reaching 1855 by Nov expiry is factored in 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