Tuesday, June 17, 2025 | 10:57 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Here's a Bull Spread Strategy on Exide Industries by HDFC Securities

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, market, shares, investment, investors, trading, sensex, growth, technology
premium

Representative image

Nandish Shah Mumbai
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