Buy long term and sell covered call
Correct time to buy auto sector stock when things are not going so well. Things will be choppy for couple of months. Maruti is fundamentally strong support and captures around 50% market in passenger vehicles. It will bounce back soon.
The idea is to buy equity on each dip, pledge shares and sell CE (won't cross the channel given in graph this month).
The idea is to buy equity on each dip, pledge shares and sell CE (won't cross the channel given in graph this month).
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