Weekly Options Strategy: A Nifty50 recovery likely, opt for Bullish Back Spread

Weekly Options Strategy: A Nifty50 recovery likely, opt for Bullish Back Spread
By Raj Deepak Singh, ICICI Securities, ET CONTRIBUTORS
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Synopsis

Meanwhile broader markets have done relatively better as Pharma, Auto and FMCG stocks took the lead. The extended pressure in markets was experienced after 4 decade high US inflation numbers. However, Nifty was able to hold 15900 levels and till these levels are held, we remain positive for the coming sessions.