Tata Power has multiple support and resistance where it is trading now.
I do have a trade idea. (its an idea not an advisory)
Sell
1x 31AUG2023 227.5PE
1x 31AUG2023 247.5CE - ₹ 4.3
Buy
1x 31AUG2023 220PE - ₹ 2.15
1x 31AUG2023 255CE - ₹ 2.9
net credit/max profit= 11130
Max loss =14175
breakeven = 224.5-250.5
I do have a trade idea. (its an idea not an advisory)
Sell
1x 31AUG2023 227.5PE
1x 31AUG2023 247.5CE - ₹ 4.3
Buy
1x 31AUG2023 220PE - ₹ 2.15
1x 31AUG2023 255CE - ₹ 2.9
net credit/max profit= 11130
Max loss =14175
breakeven = 224.5-250.5