indiamarketoutlook

Rcom going down the lane

Kort
indiamarketoutlook Uppdaterad   
NSE:RCOM   RELIANCE COMM LTD
Rcom
CMP 16.2

The stock is in down trend

trading below previous important low

suggesting further weakness


Trading plan

One may consider selling

RCOM November month Call option

Lot size 14000

Strike Price 17.5

Price 1.05


Margin requirement approximately Rs 45000 per lot

Profit potential till expiry Rs 14700 /- per lot

Trading in Futures & Options involves risk so do your risk management properly

Exit from strategy if RCom gives a close above 18.35 in Equity


Take care & safe trading...!!!
Handel aktiv:
RCom unveils new debt repayment plan

Stock has made a high of 18.30 and currently at 17.40

CMP of RCom 17.50 Call option 1.45

Continue to hold.
Kommentera:
RCom Strategy update

Recommended selling RCom 17.50 November expiry Call Option at 1.05 on 27 Oct 2017

CMP 0.40

That's a profit of (1.05-0.40)*14000 = Rs 9100

Profit yield is of 20% + on Margin amount of Rs 45000 in 10 days

Consider to book profits as per risk appetite...

Happy trading...!!!

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