NIFTY : Bull Call Ladder Spread
Hedge : Buy Future above 9420
1. Nifty is in long-long unwinding cycle
2. Proximity to the highest call at 9200 and any unwinding in same could see momentum accelerating
3. Incremental addition in 9000 & 9100 PE could provide immediate support to the market
4. As we are participating in bullish momentum and to benefit from theta decay, Bull Call Ladder is recommended
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Chandan Taparia is a Deivatives and Technical Analyst at Motilal Oswal Securities.
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