Web Exclusive
Here's a Bull Spread Strategy on Exide Industries by HDFC Securities

Representative image
Bull spread Strategy on Exide Industries

Buy EXIDE Ind 170 Call at Rs 6.80 & simultaneously sell 180 Call at Rs 3.10 

Lot Size: 3,600

Cost of the strategy: Rs 3.70 (Rs 13320 per strategy) 

Maximum profit: Rs 22,680 if Exide closes at or above 180 till 26 November expiry. 

Breakeven Point: Rs 173.7 


-- Long build-up is seen in the Exide Futures’ where we have seen 7 per cent rise in the Open Interest with price rising by 4 per cent 

-- Stock price has broken out on the daily chart with higher volumes  

-- Short-term trend of the stock is positive where it is trading above its 5 and 20-day SMA 

-- Oscillators like RSI and MFI are showing strength in the stock 

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel