Bull spread Strategy on BANKNIFTY
Buy BANKNIFTY (27-JAN EXPIRY) 38,000 CALL at Rs 422 & simultaneously sell 38,500 CALL at Rs 222
Lot Size 25
Cost of the strategy Rs 200 (Rs 5,000 per strategy)
Maximum profit Rs 7,500 If Bank Nifty closes at or above 38,500 on 27 Jan expiry.
Breakeven Point Rs 38,200
Rationales:
Disclaimer: Nandish Shah is Technical Research Analyst at HDFC Securities. He doesn't hold any position in the stock. Views are personal.
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