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Here is a Bull Spread strategy on L&T by HDFC Securities


Buy LARSEN 1640 CALL at Rs 19 & simultaneously sell 1680 CALL at Rs 9
Lot Size: 575
Maximum profit: Rs 17250 If LARSEN closes at or above 1680 on 29 July expiry.
Breakeven Point: Rs 1650
Rational:
We have seen long build up in the Larsen Futures where we have seen 13%(Prov) rise in the Open Interest with price rising by 3.2%.
The stock price has broken out on the daily chart with higher volumes where it closed at all-time high levels.
RSI Oscillators is placed above 60 and slopping upwards, indicating strength in the current uptrend.
Plus DI is trading above Minus DI while ADX line is placed above 25, indicating momentum in the uptrend. ....

Larsen Futures , Open Interest , திறந்த ஆர்வம் ,