A few days back HCLTEC was at about 110 and it rose to 130+. Yesterday its back again at about 110 (Plunged day low of 102 & high of 133) on Chaos selling on account Sathyam episode.
Is there an opportunity again for HCLTEC to gain again if one invests lows of 100?
Try again for a covered call opportunity if exists buy about 650 shares (1 lot of HCLTEC) and sell covered call of 115 beyond 13 rs for Jan 2009.
A good opportunity for covered call again with 18 Rs. profit on 110 investment about 15% return in a month's time.
Cheers
JK
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