Nifty F&O Strategy: 17,250 level key after Fed policy, go for Bull Call spread, says ICICIdirect

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Nifty F&O Strategy: 17,250 level key after Fed policy, go for Bull Call spread, says ICICIdirect
By Raj Deepak Singh, ET CONTRIBUTORS
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Synopsis

Due to recent weakness, another round of aggressive Call writing is visible across the strikes and strikes ranging from 17000 to 17200 all holding significant Call open interest of more than 80 lakh shares each. Despite the highest Put base at ATM 17000 strike, we believe closure among Call strikes is crucial for sustainable recovery

Nifty F&O Strategy: 17,250 level key after Fed policy, go for Bull Call spread, says ICICIdirectNYT News Service
Strategy Positions:
Buy 23rd March Nifty 17200 Call at 84-86 & Sell 23rdMarch 17350 Call at 35-36, Target: 140, Time Frame: weekly expiry.

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