LIC HSG FIN: Chart set up & trading strategy

Diupdate
LIC HSG FIN

Last time when the stock was at 380, we had suggested the stock is potentially running into a series of resistance and hence suggested a 410 Call Short strategy at 5

That has worked well so far giving us a profit of Rs 7200/- per lot so far

At current levels, we see the stock is trading near trendline support.

331 is very important for LIC HSG FIN

Given the set up one may consider selling LIC HSG FIN 31 December Expiry

330 Put option in the range of 5-7 (Closing Price 5.75)
Lot size 2000

Max profit potential Rs 10000/- to Rs 14000/- per lot

Risk cover for a fall in price up to 325 / 323 till expiry day

Do note: ( For those who have taken a 410 Call Short position, for them it would be a Short strangle 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

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Trade is active.

330 Put Option made a high of 8.60 giving us ample opportunity to sell at higher range around 7 mentioned above
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330 Put Option update
Suggested sell around 7

CMP 1.2

Profit in 330 Put Short strategy so far
2000 * (7 - 1.2) =Rs 11600/- per lot

Profit in 410 Call Short strategy suggested earlier at 5 (cmp 0.65)
2000 * (5 - 0.65) = Rs 8700/- per lot

Happy & safe trading...!!!
Trading ditutup: target tercapai
Strategy giving desired profits as both the options are expiring worthless

Happy trading...!!!
Chart PatternsLICHSGFINNIFTYTrend Analysis

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