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  • Category: Stock Market Tips
    Points:4

    Buy Cairn India for gaining good profit

    Cairn India closes at Rs 291.85 on16th September.
    It is now trading near the resistance of Rs292, if it able to cross then this stock will cross 298 and then the next target is Rs 305.

    So if you are having knowledge to trade Derivative then you can buy the September future position of Cairn India or if you are a small trader then you can buy The nearest call option with a strict SL of 286 (equity)
  • #1632

    Points:1
    Dear members on 20th September Cairn move 5% upward and reach the target of Rs 306 hope you have enjoyed a good profit trading at cairn and the derivative traders in future and option have made a good return

  • #1633

    Points:1
    On 16th September when Cairn India was trading at 286 the call option of strike price 300 was trading at Rs 2.80 and at 306 the price of call option is Rs 10.25 you can see more than 350% profit only in a single call.

    Suppose you had bought it at Rs 2.80*1000=2800 and the current price is Rs 10.25*1000=10250.
    By investing Rs 2800 you earned a profit of Rs 7450


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