Bull spread Strategy on Nifty
Buy Nifty (05-May Expiry) 17,300 CALL at Rs 133 & simultaneously sell 17,500 CALL at Rs 58
Lot Size 50
Cost of the strategy Rs 75 (Rs 3,750 per strategy)
Maximum profit Rs 6,250 If Nifty closes at or above 17,500 on 05 May expiry.
Breakeven Point Rs 17,375
Rationale:
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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