indiamarketoutlook

JSW Steel: Channel trade

Largo
indiamarketoutlook Actualizado   
NSE:JSWSTEEL   JSW STEEL LTD
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




Operación cerrada: objetivo alcanzado:
Target achieved

170 Put option CMP 1.6 ( recommended sell at 5.2)

Book profits

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