Here we are talking about support resistance range which can be easily found with the help of stock options open interest, but there is one limitation for this strategy, it is applicable only for those stocks who’s option contracts are very liquid, like Reliance, State bank of India, ICICI Bank, Tata Steel, Chambal fertilizer, NTPC, Infosys, TCS, JP Associate, Unitech, Suzlon, IDFC, Larsen & ... [Continue Reading]
M&M Stock Option Trading: Buy M&M 840 Call Option November Series at 11 for Target 19, M&M has Strong Support
Mahindra & Mahindra is one of the fastest growing 4 wheeler manufacture in India. The company has been shown very strong growth in its 4 wheeler and 2 wheeler segment both. If we speak about the out performance, then M&M stock has recently made 52 week high at 877 levels on NSE, After touching that 52 week high we have seen a steep correction in stock prices, taking it to 813 levels, but this fall ... [Continue Reading]
Stock Option Trading: Buy DLF 220 Put Option at 4.15 for Target 9.5, Stock has Resistance at 244.
DLF has bounced off after touching 179 level recently, but this bounce is limited up to its next strong resistance at 244 level, So short positions can be initiated in DLF just near 242 level for targets as 229 and then 224 levels on positional basis. High risk traders can even buy some DLF put options of 220 strike price near 4.15 for targets as 9.5 and then 16 level also on 7 days positional ... [Continue Reading]
Stock Option Trading: Buy CHAMBLFERT 100 Call Option at 1.6 for Target 4.5, Technical Support at 90.
Chambal Fertilizer stock was seen on a strong up trend from July 2011, Selling pressure that we have seen recently in this stock was just due to profit booking and there is no reason at all to go short on this stock. Using technical analysis we see, this stock has a very good support at 89 level(Previous resistance for April 2011 which is now support level), also the 89 level on the chart is 61.8% ... [Continue Reading]
