Sahaj Agrawal of Kotak Securities suggests 'Short Strangle' for Nifty today
Nifty today: 21,800 likely to act as a key support while 22,500 remains the immediate barrier on the upside
 "A man talks on phone at the National Stock Exchange as its new logo for for the benchmark Nifty50 is seen on a glass-wall, in Mumbai")
A man talks on phone at the National Stock Exchange as its new logo for for the benchmark Nifty50 is seen on a glass-wall, in Mumbai
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Strategy Details:
Strategy: Nifty Short Strangle
Expiry: 6 March 2025
Strike Prices: Sell 21,800 PE and Sell 22,500 CE
Net Premium Inflow: 38
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Stop Loss: 74
Target: Capture the entire premium inflow
Rationale:
>> 21,800 likely to act as a key support while 22,500 remains the immediate barrier on the upside.
>> Technical oscillators indicate a potential stabilising effect after the sharp selloff.
>> Nifty is expected to remain confined within 21,800–22,500 over the coming few days.
>> Short Strangles using the Weekly series are ideal to capitalise on Theta decay.
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Disclaimer: Sahaj Agrawal is senior vice president and head of derivatives research at Kotak Securities. Views expressed are his own.
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Topics : Nifty50 Stock Call NSE Nifty50 benchmark index Markets Sensex Nifty share market stock market trading BSE NSE equity S&P BSE Sensex
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First Published: Mar 04 2025 | 6:35 AM IST