Bull Spread strategy on Havells
Buy Havells 640 CALL at Rs 15.15 & simultaneously sell 670 Call at Rs 5.15
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Lot Size 1000.
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Cost of the strategy Rs 10 (Rs 10000 per strategy)
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Maximum profit Rs 20000 If Havells closes at or above 670 till August expiry
- Breakeven Point Rs 650
Rationale:
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Long build up is seen in the Havells Futures’ where we have seen 4%(Prov) rise in the Open Interest with Price moving up by 1.5%
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Stock price has broken out on the daily chart where it closed at nearly six month high with higher volumes
- Primary trend of the stock is