Bull call spread in Reliance - Time for results rally

Reliance has announced results which have beaten estimates but it has not sustained the higher levels on profit booking and has corrected to 1350-60 levels now it looks ready for rally so one can initiate Bull call spread

Buy may 1400 call @17
Sell may 1420 call @ 11

Keep a stoploss of 1335 spot on Clbs for this