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Here's a derivative strategy on Tata Motors by HDFC Securities

Long build up was seen in the Tata Motor Futures' on Thursday where we have seen 67% (Prov) rise in the Open Interest with price moving up by 2.9%.

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Bull Spread strategy on Tata Motors

Buy TATA MOTOR June 90 Call at Rs 6.3 & simultaneously sell June 100 call at Rs 3.3

Lot Size 4300

Cost of the strategy Rs 3 (Rs 12900 per strategy)

Maximum profit Rs 30100 If Tata Motor closes at or above 100 on June expiry

Breakeven Point Rs 93

Rationale: