Here's a derivative strategy on Mahanagar Gas by HDFC Securities

The stock price has broken out from the downward sloping trendline, adjoining the highs of June 12, 2021, and August 3, 2021, with higher volumes.

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1 min read Last Updated : Sep 03 2021 | 8:00 AM IST

Bull spread Strategy - Buy MGL SEPT 1200 CALL at Rs 27 & simultaneously sell 1240 CALL at Rs 15

Lot Size - 600

Cost of the strategy - Rs 12 (Rs 7200 per strategy)

Maximum profit - Rs 16800, if MGL closes at or above 1240 on 30 Sept expiry

Breakeven Point - Rs 1212

Rationale:

- There is

Topics : Mahanagar Gas F&O Strategies Markets Market technicals Trading strategies

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