Derivative strategy for Bank Nifty from MOSL

Derivative strategy on Bank Nifty by Sacchitanand Uttekar, Equity Technical Analyst & PFA, MOSL:

Option Strategy:    Bank Nifty (Modified Bull Call Spread - Expiry: 25 January 2016)
 
Buy 18600 CE 1 lot                           
Sell 19000 CE 1lot                             
Sell 17300 PE 1 lot
 
1. Bank Nifty is in Short Unwinding cycle

2. Option indicative band suggest 19,000 as highest call congestion while 18,000 as an immediate put congestion

3. Unwinding in 18,500 CE could accelerate buying momentum towards 19,000

4. Considering we are participating rising momentum, Modified Bull Call Spread is recommended
 
Target: