Date- 13/04/2014 Share Name:Reliance Capital CMP: 370.50 | Strategy: Bull Call Spread. a)Buy 1 lot of 370 call of Reliance Capital for around Rs.13.1 b)Sell 1 lot of 380 call of Reliance Capital for around Rs.9.35. c)Max.Profit:Rs. 6,250 d) Max Loss: Rs.3,750. e) Stop Loss: Rs.2,500. f) Break Even Point: If stock close above Rs. 373.5 on the expiry then this strategy will make a profit. | Reasons: Last week, Reliance Capital has closed above its 200DMA and 50 DMA which is a sign of uptrend for the Reliance Capital. ADX for Reliance Capital is 26.1 which means Reliance Capital is in a trend. |
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