Cost of the strategy Rs 4 (Rs 24,000 per strategy)
Maximum profit Rs 66,000 If Manappuram Finance closes at or above 200 on January expiry.
Break even Point Rs 189
Also Read
-- Stock price has broken out on the daily chart by closing above the resistance level of 181.5 to close at all time high with higher volumes.
-- In the option segment, we have seen 48 per cent addition in 190 strikes Call Option, suggesting Call buying.
-- Oscillator and momentum Indicators like RSI and MACD have been showing strength on the daily and weekly charts.
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