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Topic: DLF LIMITED

Dear Friends,

Expect volatile trade -One day UP & One day Down till one more week. If NIFTY not close below 4830 / 4766 in these days it could bounce back to 5000 level because of SHORT covering. Expect rally thereafter [BUDGET RALLY].

The following is my View on DLF:

Points	Down by
	0.236	0.382	0.500	0.618
520	397	321	260	199
397	304	246	199
321	246	199
260	199
199
Points	Up by
	0.24	0.38	0.50	0.62
397	491	549	596	642
321	397	444	482	520

The Stock trading around 339 now. From the above FIBONACCI charts we come to know it could move up to 397 [Considering from the high 520] if the stock holds above 321 level . If falls below it has next SUPPORT around 260 level. The STOCK also resistance around 350 level.

Now I suggest the following IDEA on this STOCK; 

      Consider BUYING FEB 360 CALL & FEB 300 PUT  which trade around Rs.5/= . This set up need about Rs. 8000/- [Excl. charges].
You can exit CALL if DLF  breakes 320 level or exit PUT  it strongly closes above 335 level in the early trades of next week or you can HOLD BOTH till the expiry. Please note timing is very important while trading OPTIONS. So continous follow up is very important. 

Have NICE trading and take your own decision.

By 
DEVAA
Cell; 9840974489

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done! hope it rocks! regs,

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