Bull spread strategy on HCL Tech by Nandish Shah of HDFC Securities

Obtain HCL TECH JUNE 980 Contact at Rs 18.5 & at the same time offer 1010 Contact at Rs 7.fifty

Large amount Dimension: seven hundred

Price of the technique: Rs 11 (Rs 7,seven hundred for each technique)

Optimum earnings: Rs 13,300, if HCL Tech closes at or over 810 on 24 June expiry.

Breakeven stage: Rs 991


— We have viewed very long establish-up in the HCL Tech Futures until now through the June collection, in which we have viewed 5 for each cent rise in the Open up Desire with price tag growing by .6 for each cent.

— Stock price tag has damaged out on the each day line chart with bigger volumes.

— Furthermore DI is trading over Minus DI when ADX line is positioned over 25, indicating momentum in the present uptrend.

— Oscillators like RSI and MFI are positioned over sixty and slopping upwards, indicating power in the present uptrend.

Disclaimer: Nandish Shah is Technical Investigation Analyst at HDFC Securities. He doesn’t maintain any place in the inventory. Sights are personal.

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