Bull Spread Strategy on Aurobindo Pharma Buy Aurobindo Pharma Dec 900 Call at Rs 30 and simultaneously sell Dec 960 Call at Rs 10 Lot Size: 650 Cost of the strategy: Rs 20 (Rs 13,000 per strategy) Maximum profit: Rs 26,000 if Aurobindo Pharma closes at or above 960 till 31 Dec expiry Breakeven Point: Rs 920 Rationale: -- Long build up was seen in Aurobindo Pharma futures where we have seen a 16 per cent rise in the Open Interest with price rising by 3% -- Stock Price has broken out from the downward slopping trendline, adjoining the highs of December 7 and December 21 on the daily chart with higher volumes -- RSI Oscillator is showing strength in the stock; DI is trading above minus DI while ADX is placed above 25, indicating momentum in the current uptrend