JSW Steel
CMP 187
- trading near Channel support
- if broken then next support at 178-175 zone & major support 168-166 zone
- resistance at 196 / 202 / 208
Given the set up one may consider selling 170 Put option between 5-5.5 ( CMP at 5.20)
Lot size 2700
Max profit potential Rs 13500 - Rs 14850/-
Yield potential 10% - 11% on capital
Loss if JSW steel closes below 165-164.50 on 30 July
Take care & safe trading...!!!
Discliamer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be