Key Points
Buy 9th March 17600 Call at 70-74 & Sell 9th March 17750 Call at 21-23, Total premium out-flow: 49; Target: 140, Time Frame: till expiry...
- Broader markets recovered swiftly in the last session, and the Nifty closed the week tad below 17600 levels gaining almost 300 points in a single session..
BFSI was the major driver of the move while the pharma and technology space remained laggard..
At the same time, broader markets have outperformed significantly as midcap and smallcap indices gained over 1.5% and 1.3%, respectively, against 0.75% gains seen in Nifty..
However, Friday's move has forced Call writers to close their positions and Put bases have strengthened significantly which indicates expectations of limited downsides in the coming week..
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