Looking at the INFY Infosys Limited options chain ahead of earnings , I would buy the HKEX:20 strike price Calls with 2023-10-20 expiration date for about $0.45 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. Dow Jones has taken nose dive and closed with deep cut of 1000 plus points and Nasdaq closed below 500...
The reasons why I choose this trade. 1. Cup & handle formation 2. 50 EMA, 14 EMA & Pivot breakout together 3. Shorterm trend break 4. On daily chart it is ascending triangle. All above is happening at multiple day support which is at 697. So 697 is very crucial at this time. Once it break, higher upside is possible.