Lot Size 300
Cost of the strategy Rs 23 (Rs 6,900 per strategy)
Maximum profit Rs 11,100 If Infy closes at or above Rs 1,580 on 25 August expiry.
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- We have seen long build up in the Infy futures on Thursday, where we have seen 22 per cent addition (Prov) in Open Interest with price rising by 3 per cent.
- Short term trend of the stock turned positive and stock is trading above its 5 and 20 day EMA.
- RSI (11) Oscillators is in rising mode and placed above 50 on the daily chart, Indicating strength in the current uptrend.
- Nifty IT index has broken out on the daily chart, suggesting more upside in the coming days.
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