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How to trade Nifty on March 18? Sahaj Agrawal of Kotak Securities suggests

Immediate resistance lies at 22750-22,800, a level that previously acted as support in Jan-Feb 2025, while support lies near 22,200-22,150

Market, BSE, NSE, NIfty, Stock Market, investment

Sahaj Agrawal Mumbai

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Strategy Details:

  • Strategy: Nifty Short Strangle
  • Expiry: March 20, 2025
  • Strike Prices: Sell 22,100 PE and Sell 22,850 CE
  • Net Premium Inflow: 28
  • Stop Loss: 54
  • Target: Capture the entire premium inflow 

Rationale:

  • Immediate resistance lies at 22750-22,800, a level that previously acted as support in Jan-Feb 2025, while support lies near 22,200-22,150.
  • Currently, the market is lacking the momentum to break decisively above 22,800 or below 22,100. Nifty is likely to consolidate sideways within the same in the near term.
  • A short Strangle is apt under the current conditions.
(Disclaimer: Sahaj Agrawal, Senior Vice President, Head of Derivatives Research, Kotak Securities. Views expressed are his own.)
 

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First Published: Mar 18 2025 | 7:18 AM IST

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