 "stock, market, shares, investment, investors, trading, sensex, growth, technology")
Bull spread Strategy on Exide Industries
Buy EXIDE Ind 170 Call at Rs 6.80 & simultaneously sell 180 Call at Rs 3.10
Lot Size: 3,600
Cost of the strategy: Rs 3.70 (Rs 13320 per strategy)
Maximum profit: Rs 22,680 if Exide closes at or above 180 till 26 November expiry.
Breakeven Point: Rs 173.7
Rationale:
-- Long build-up is seen in the Exide Futures’ where we have seen 7 per cent rise in the Open Interest with price rising by 4 per cent
-- Stock price has broken out on the daily chart with higher volumes
-- Short-term trend of the stock is positive where it is trading above
