I had tweeted a few days back about a lot of PSUs looking good.
Here is one that has the potential to give an excellent trade if managed well in futures.
SAIL can be bought (an aggressive entry) at current levels, with a stop below 67-67.5, or for a conservative entry above 76.5 (problem is stop loss remains the same and is very far off).
SAIL has the potential to rise to above 90, maybe even 100+ over the next few weeks.
Based on the Options charts, SAIL 70 CE too can be bought on a dip with sl below 1, for a target of 6-7.
If one goes long in May futures and it starts rising, it can be hedged on a rise by selling the April 70 CE near 6-7, with a stop above 8.
SAIL April 70 CE :
For those not willing to risk a trade in futures, SAIL can be bought in cash with a stop below 67 for a target above 90.
Here is one that has the potential to give an excellent trade if managed well in futures.
SAIL can be bought (an aggressive entry) at current levels, with a stop below 67-67.5, or for a conservative entry above 76.5 (problem is stop loss remains the same and is very far off).
SAIL has the potential to rise to above 90, maybe even 100+ over the next few weeks.
Based on the Options charts, SAIL 70 CE too can be bought on a dip with sl below 1, for a target of 6-7.
If one goes long in May futures and it starts rising, it can be hedged on a rise by selling the April 70 CE near 6-7, with a stop above 8.
SAIL April 70 CE :
For those not willing to risk a trade in futures, SAIL can be bought in cash with a stop below 67 for a target above 90.
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