NMDC: Likely heading towards 89 - 93 levels

9 Apr 2020

NMDC

Levels are mentioned in the chart.

Alternatively one may consider the following F&O strategy

Consider selling NMDC 30 April expiry Put option

Strike Price: 80
Lot size: 6000
Recommended selling range: 4.5 - 5 (Closing price 5.2)

Time frame: 30th April 2020

Max profit potential Rs 27000 - Rs 30000 till 30th April 2020

The strategy has inbuilt loss protection for a fall in price in Equity up to 75.5 - 75

Take care & safe trading...!!!

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13 Apr 2020

Dagangan aktif

NMDC 80 Put option gave an opportunity to sell at 5
High made was 5.9

13 Apr 2020

Nota

What a jump... Up 6% now. Once Above 81.30 NMDC had a clear run and just zoomed to 85.30 in 15 minutes.

Strategy Update Those who sold 80 Put option at 5
CMP 3.6

That's a profit of Rs 8400/- per lot so far...

Hope u guys r enjoying.

Consider booking partial profits as per ur risk appetite. And keep a trailing Sl to 80.50 in cash market to ensure profitability in trade...

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Take care and happy trading...!!!