Infy: On the verge of a Breakout

Infy

- the stock has seen a lot of consolidation around 1850

- 1800 zone is an important support level

- above 1954 doors would open up for further upside

Till the time the stock is able to hold on to 1800 odd levels the stock has a very good probability to scale new highs and eventually move towards 2200-2400 zone
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F&O Strategy
One may consider to sell 28 April expiry
1840 Put option currently around 31
The strategy has a yield potential of 10.5% on Margin.
On the downside the strategy gives protection for a fall up to 1809 odd levels on expiry day.

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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