Indusind ( Techno Option)

NSE INDUSINDBK EQ_Daily_1Year

 

After retraced back to rising trend line , price forming a Dragonfly doji in a daily chart, and also took resistance at its falling window.  Hence we would like to place short till 846 levels within a SL at 884

Option Strategy:- Bear Put 

Buy 1 880 PE at 33

Sell 1 840 PE at 16

Limit profit 5750 and SL limited 4250 per lot

 

Net PL

TABLE

 

Pay Off

pay off