Derivative strategy on Nifty by Motilal Oswal Securities

Derivative strategy on Nifty by Chandan Taparia of Motilal Oswal Securities:
 
STRATEGY: Nifty Ratio Call Spread
 
Buy 9250 CE 1 lot
Sell 9400 CE 2 lots
 
Rationale:
 
1. Nifty is scaling higher post march expiry. Technically 9,191 remains strong support while a move above 9,280 can propel momentum towards 9,350-9,380.

2. Falling India VIX below 12% indicates market participant are confident of current up move

3. PCR OI has direct relationship with market. It is quoting near 1.07 indicating positive bias

4. Option indicative band shows 9000 as vital support while highest call