 "NSE")
Here is derivative strategy on Nifty by Sacchitanand Uttekar, Equity Technical Analyst & PFA at Motilal Oswal Securities:
Option Strategy:
Nifty Modified Call Butterfly Spread
Buy 8250 CE 1lot
Sell 8400 CE 2 lots
Buy 8500 CE 1 lot
Target: Rs 8700 at 8400
Initial Outflow: Rs 2600
Limited Profit: Rs 1200 above 8500
Rationale:
- Nifty witnessed robust rollover of 66% January series with positive price movement
- Option indicative band suggest 8200 as highest call congestion while 8000 as immediate put congestion
- Any unwinding in indicative band could boost the momentum
- Considering stable volatility and to
