Wipro follow up on previous post

As discussed in previous post Wipro if comes around 568 we will review the scenario again.

Well the stock has made an exact high of 568 so far and is currently trading at 564

I have again opted for taking Short Position through Call option. This time the strike price is

Wipro June series

Option Type: Call option

Strike Price: 570

Sell Price: 9.4


If Wipro closes above 584 then will take it as Stop loss for the strategy

By the way, strategy gives inbuilt loss protection for rise in stock price up to 579.4 till expiry day

Plan ur trade accordingly...

Take care and safe trading...!!!

Zlecenie aktywne:

As per Fibonacci retracement theory 574 is another important resistance level
which represents 61.8% retracement

Zlecenie zamknięto ręcznie:

Wipro 570 Call Option update

Remember we had
Sold Call option @ 9.4

CMP 2.30

That's a profit of 7.1 points per lot

Take care & happy trading...!!'
Njoy ur weekend :-)