F&O Radar: Call Ratio Spread strategy for Cummins India this week

Cummins India (CUMMINSIND) has found support near its 50-Day EMA and rebounded sharply, with the stock trading above all key exponential moving averages (20, 50, 100, 200-day), signalling a bullish technical alignment. Derivatives data shows short covering with call writers unwinding positions, suggesting improving sentiment and potential for further upside. A Call Ratio Spread strategy is recommended using the 28 July 5500/5600/5650 CE strikes, with a maximum profit of about 15,060 at the 5600 level and a maximum loss of 4,940 below 5500.