 "Bandhan Bank")
BULL SPREAD Strategy on BANDHAN BANK
Buy BANDHAN BANK (26-June Expiry) 175 CALL at ₹5.35 & simultaneously sell 180 CALL at ₹3.45
Lot Size: 2,800
Cost of strategy: ₹1.9 (₹5,320 per strategy)
Maximum profit: ₹8,680 if Bandhan Bank closes at or above ₹180 on 26 June expiry.
Breakeven Point: ₹176.9
Also Read
 "Nifty 50, MARKET")
 "Representative Picture")
 "BSE, NSE, STOCK MARKETS")
 "markets")
 "Nifty outlook, May 28: How to trade NSE benchmark today? Check strategy")
Risk Reward Ratio: 1: 1.63
Approx margin required: ₹25,000
FOLLOW STOCK MARKET LIVE UPDATES TODAY
Rationale:
>> Long build up is seen in Bandhan Bank Futures, where we have seen 17 per cent rise in open interest with Bandhan Bank share price rising 1 per cent on Thursday, May 29.
>> Bandhan Bank stock price has been forming bullish 'higher top-higher bottom' formation on the daily chart.
>> RSI oscillator is in rising mode and placed above 60 on the daily chart, indicating strength in the current uptrend.
Note : It is advisable to book profit in the strategy when ROI exceeds 20 per cent. ================= Disclaimer: This article is by Nandish Shah, senior technical/derivative analyst at HDFC Securities. Views expressed are his own.
 "Asian markets, stock market trading")
 "stock market trading")
 "initial public offering, IPO")
 "IndusInd Bank")
 "Securities and Exchange Board of India, Sebi")
