TATASTEEL – BULL CALL SPREAD
BUY TATASTEEL 620 CALL @ 15.00
SELL TATASTEEL 630 CALL @ 11.20
BEP : 623.80
KEEP SL : 4000
KEEP TARGET : 8000
1. Positive sector outlook and a fresh breakout in the stock
2. Put writing at 620 and 600 strike is supporting it to move higher
3. Call unwinding at 600, 610 and 620 strikes could take it to higher levels.
4. However, maximum Call OI at 640, may restrict its upside
5. Thus low risk Bull Call Spread is recommended
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.