We can clearly see Morning Star candlestick pattern on the daily charts of Hero MotoCorp.We can also see that previously HEROMOTOCORP took support @ 1750 levels..so in that case one can sell 1750 OCTOBER STRIKE PUT @ 18 and simultaneously buying HEROMOTOCORP OCTOBER FUTURES @ 1785-1790. BUY BACK HEROMOTOCORP OCTOBER 1750 STRIKE PUT @ 5. HEROMOTOCORP OCTOBER FUTURES has a target of 1820.
HEROMOTOCORP 1750 STRIKE PUT CLOSED @ 4.85 AND HEROMOTOCORP OCTOBER FUTURES CLOSED @ 1838..ALL TARGETS ACHIEVED..:)
ReplyDeletePROFIT IN SHORT PUT= 13 per lot(1 lot=125)
125*13=1625
PROFIT IN FUTURES=30 per lot(1 lot=125)
125*30=3750
TOTAL PROFIT=3750+1625=5375 PER LOT.