Recommends a Bull Call Spread strategy for Reliance Industries, expecting a moderately bullish move ahead of earnings. The strategy involves buying a 1,320 call and selling a 1,360 call, with a breakeven at 1,333, maximum profit of ₹13,500, and maximum loss of ₹6,500 per lot. Position should be squared off before the July 28, 2026 expiry.

Axis Securities Analysis’s track record: 3 graded calls · 95% CI 21–94%

Reliance IndustriesBullishCalled 17 Jul 2026Graded 01 Aug 2026
Verdict:MISS

Reliance Industries decreased from ₹1327.20 to ₹1267.70, a decline of 4.48%, which contradicts the moderately bullish expectation.

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