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Bull Spread strategy on Colgate Palmolive by Nandish Shah of HDFC Sec


Buy COLGATE 1760 CALL at Rs 29 & simultaneously sell 1800 CALL at Rs 17
Lot Size 350
Maximum profit Rs 9800 If Colgate closes at or above 1800 on 29 July expiry.
Breakeven Point Rs 1772
Rationale:
We have seen long build up in the Colgate Futures where we have seen 4 per cent (Prov) rise in the Open Interest with price rising by 1.3 per cent.
The stock price has broken out on the daily chart where it closes at all time high levels
Plus DI is trading above Minus DI while ADX line is placed above 25, Indicating momentum in the uptrend.
RSI Oscillators is placed above 60 and slopping upwards, Indicating strength in the current uptrend. ....

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Here's a derivative strategy on Alkem Lab by Nandish Shah of HDFC Sec


Rationale:
We have seen long build-up in the ALKEM Futures, where we have seen 3 per cent(Prov) rise in the Open Interest with Price rising by 0.4 per cent.
The stock price has already broken out on the daily chart to close at all-time high with higher volumes
Plus DI is trading above Minus DI while ADX is placed above 25 and rising, indicating that the stock momentum in the current uptrend
Oscillators like RSI and MFI are placed above 60 and sloping upwards, indicating strength in the current uptrend.
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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Bull spread strategy on Deepak Nitrite by Nandish Shah of HDFC Securities


Lot size: 500
Cost of the strategy: Rs 33 (Rs 16,500 per strategy)
Maximum profit: Rs 33,500 If Deepak Nitrite closes at or above 2,000 on July 29 expiry
Breakeven Point: Rs 1,933
Rationale:
We have seen long build up in the Deepak Nitrite Futures where we have seen 4 per cent (Prov) rise in the Open Interest with Deepak Nitrite rising by 4 per cent
The stock price has broken out on the daily chart where it has closed at highest levels since May 06, 2021 with higher volumes
Plus DI is trading above Minus DI while ADX line is rising, Indicating that the stock is likely to gather momentum in the coming days ....

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