Infy: Chart set up, Result and trading strategy

Infy

- Prima facie 1745-1758 looks likely to be resistance zone

- trendline resistance on 28 October comes around 1789 odd levels

- on the downside 1640 / 1560 are 2 important support levels

So there you go, Important levels have been identified.
Given the set up, F&O Strategy that may be considered: Sell Infy 28 Oct expiry

1800 Call option currently around 18-19


The strategy has yield potential of approximately 9% on Margin requirement and covers risk for a rise up to 1818-1819 odd levels till expiry.


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