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F&O Radar | Deploy Bull Call Spread in Nifty for gains from bullish stance in volatile market

ETMarkets.com

Nifty slips below 24,700; Bull Call Spread advised as volatility persists.

Synopsis

The Nifty index opened weak and remained volatile on Tuesday before slipping below 24,700, indicating profit booking after a sharp rally. Chandan Taparia of Motilal Oswal sees the broader trend as positive above key support zones. He recommends a Bull Call Spread strategy amid expected market volatility, with the immediate trading range seen between 24,400 and 24,800.

By , ETMarkets.com
3 mins read,
The Nifty index opened on a slightly negative note on Tuesday and witnessed volatile swings on both sides during the first hour of trade. Until midday, the buy-on-dips strategy was working well, as the index found support multiple times near the 24,700 zone. However, in the second half, Nifty slipped below the 24,700 mark, indicating profit booking after a sharp rally of over 900 points in the previous session. “The break below support suggests

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