If you have bought one lot of Sun Pharmaceutical 1800-put option for ₹29.85 and two lots of HUDCO 215-put option for an average price of ₹6.6, here are some targets and stop-loss levels to consider for your positions:
Sun Pharmaceutical Industries (₹1,786.55):
- Support at ₹1,740
- Bearish bias below ₹1,830
- Nearest resistance at ₹1,830
- Premium of 1800-put may depreciate to approximately ₹12 if the stock rises to the resistance
- Exit the trade at the current level with a profit or place a stop-loss at ₹10
- Target can be ₹48
HUDCO (₹234.8):
- Support at ₹200
- Barrier at ₹250
- Resistance at ₹235 and ₹250
- Premium for 215-put option at ₹2.35
- Place a stop-loss at 0.90
- Exit one lot at ₹8 and liquidate another lot at ₹12 if the premium goes up
- Average exit price will be ₹10
Keep monitoring the stock movements and adjust your targets and stop-loss levels accordingly. It’s important to stay updated with market trends and news that may impact these stocks. If you need further assistance or guidance, feel free to reach out with your questions.
