Date- 20/04/2014 Share Name:Yes Bank CMP: 417.10 | Strategy: Bull Call Spread. a)Buy 1 lot of 420 call of Yes Bank for around Rs.8.6. b)Sell 1 lot of 430 call of Yes Bank for around Rs.4.85. c)Max.Profit:Rs. 6,250 d) Max Loss: Rs.3,750. e) Stop Loss: Rs.2,000. f) Break Even Point: If stock close above Rs. 423.75 on the April expiry then this strategy will make a profit. | Reasons: Last week, Yes Bank has closed above its 200DMA, 50 DMA and 20 DMA which is a sign of strong uptrend for the Yes Bank. ADX for Yes BANK is 48.2 which means YES BANK is in a trend. |
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