LIC HSG FIN: Chart set up & F&O trading strategy for July expiry

LIC Hsg Fin

- The zone of 440-458 is crucial zone for LIC HSG FIN
- Blue support line currently around 420 odd levels

The target for the current set up 492 / 505 / 518

Strategy: One may consider buying in 2 tranches
1 at current levels and 2nd on further dips towards blue line

Exit if closing below 408
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Alternatively one may consider
Bull Put spread strategy

Sell LIC HSG FIN 440 Put option around 10
Buy LIC HSG FIN 400 Put option around 2.5

Lot size 2000

Max profit potential in strategy Rs 15000 giving a yield potential of approximately 15% on margin requirement.

Take care & safe trading...!!!

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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
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