INFY Base buildup and expected move
Fundamental:
Result is coming out in near term so almost flat to slight positive result expected as per Pre-result reports
Technical:
Underlying has formed bottom near previous low and form double bottom like structure and provide health up side up to range top.
Down side is limited at 1375 level and expect 8-10% up move in coming days.
We can also plan to add option after result event and make covered call if purchase 400 (or in multiplication of lot size share). As a trade plan if market breach bellow 1375 we can add extra long put to cap the down side risk.
***Please do your own analysis before investing
Result is coming out in near term so almost flat to slight positive result expected as per Pre-result reports
Technical:
Underlying has formed bottom near previous low and form double bottom like structure and provide health up side up to range top.
Down side is limited at 1375 level and expect 8-10% up move in coming days.
We can also plan to add option after result event and make covered call if purchase 400 (or in multiplication of lot size share). As a trade plan if market breach bellow 1375 we can add extra long put to cap the down side risk.
***Please do your own analysis before investing
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