F&O Strategy: Buy DLF Put Option
The stock of DLF (₹631.70) finds immediate support at ₹612 and ₹557. A close below the latter will change the outlook negative and trigger a sharp fall in the stock. On the other hand, resistance levels are ₹686 and ₹760. A recovery above ₹686 will negate the current negative outlook for DLF. Broadly, we expect the stock to move in a narrow…