Last Close: 3002
Stop Loss: 2942
Consolidation breakout after eleven weeks, trading above 50 and 200 EMA which indicates strength.
Last Close: Rs 643
Stop Loss: Rs 630
Target: Rs 670
Pole and flag breakout with rising volume and RSI above 60.
Last Close: Rs 595
Stop Loss: Rs 583
Target: Rs 620
Small triangle breakout and given highest close from last ten weeks.
BULL CALL LADDER SPREAD:
BUY 1 LOT OF 10550 CALL @ 54 POINTS
SELL 1 LOT OF 10600 CALL @ 30 POINTS
SELL 1 LOT OF 10650 CALL @ 14 POINTS
NET PREMIUM PAID : 10 POINTS
MAXIMUM PROFIT 40 POINTS IF IT EXPIRES IN BETWEEN 10600 TO 10650
UNLIMITED RISK IF IT EXPIRES ABOVE 10690
HEDGE : BY BUY FUTURE IF IT GOES ABOVE 10680
Maximum put oi is intact at 10500 strike which could hold the market on decline
Intact call writing at 10650-10700 could restrict its upside move
Thus, suggesting bull call ladder spread to play the positive to range bound
The analyst may have positions in any or all the stocks mentioned above.