ALSO READDerivative strategy on Bank Nifty from Motilal Oswal Securities Derivative strategy on Bank Nifty from Motilal Oswal Securities Derivative strategy on Bank Nifty from Motilal Oswal Securities Derivative strategy for Infosys from Motilal Oswal Securities Derivative strategy on SBI from Motilal Oswal Securities
Buy 8300 PE 1 lot
Sell 8150 PE 1 lot
1. Nifty is in Long- Long unwinding cycle
2. It is trading near the vicinity of its highest call congestion at 8400 without much shift in option band of 8000-8400.
3. Nifty PCR OI too is quoting at 1.17 near the upper band of 1.20. Considering these profit booking could be expected at current level. Thus low risk hedged Bear Put Spread is recommended.
Stop Loss: Rs.2,000
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