ICICI PRU LIFE: Chart set up and strategy

ICICI PRU LIFE
CMP 398.65

We observe

- range bound activity in ICICI Pru Life for the June series so far

- the stock looks likely to test 416 in coming days

- support at green line


Given the chart set up

One may consider selling ICICI Pru Life 380 Put option around 7.5

Yield potential of 5% til 25th June 2020

Loss protection for a fall in price up to 372.50


Take care & safe trading...!!!

Trade fechado: objetivo atingido:

ICICI Prulife makes a high of 419

Cash target of 416 achieved

Strategy update

380 Put option

Recommended sell at 7.5
CMP 1.55

Net Profit 1500*(7.5-1.5) = Rs 8925/- per lot so far

Consider booking profits as per risk appetite

Happy trading...!!!