Derivative strategy on Nifty by Motilal Oswal Securities

Here is derivative strategy on Nifty by Motilal Oswal Securities

Here is derivative strategy on Nifty by Sacchitanand Uttekar, Equity Technical Analyst  & PFA at Motilal Oswal Securities:
 
Option Strategy:  NIFTY (Modified Put Butterfly Spread)
 
Buy 8350 PE 1 lot
Sell 8200 PE 2 lots
Buy 8100 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 8,000-8,400

3. Nifty PCR OI too is quoting at 1.22 near the upper band of 1.20. Considering profit booking could be expected at current level. Thus