 "Long build up is seen in the Tata consumer Futures’")
Bull spread Strategy on Tata Consumer
Buy Tata Consumer Dec 580 Call at Rs 26.5 & simultaneously sell Dec 620 Call at Rs 10.5
Lot Size: 1,350
Cost of the strategy: Rs 16 (Rs 21600 per strategy)
Maximum profit Rs 32400 if Tata Consumer closes at or above 620 till 31 Dec expiry.
Breakeven Poin: Rs 596
Rationale:
Long build up is seen in the Tata consumer Futures’ where we have seen 3 per cent rise in the Open Interest with price rising by 3 per cent.
The stock price has broken out on the daily chart with higher volumes where it closed
