Lot Size: 2,700
Cost of the strategy: Rs 7 (Rs 18,900 per strategy)
Maximum profit: Rs 35,100 If Tata consumer closes at or above 357 on May expiry)
Break-even point: Rs 357
Also Read
-- Stock price is taking support at 20-day EMA since last two days
-- RSI Oscillators is placed around 60 while MACD is trading above the central line Indicating bullish set ups
Disclaimer: Nandish Shah is a Technical & Derivative Analyst at HDFC Securities. Views are personal.
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