NIFTY IS TRADING IN A RANGE OF 5750-5900 FOR THE LAST MANY DAYS. WITH VIX NEAR 20 MARK AND AS WE ARE APPROACHING WEEKLY CLOSE BREAK OF THE RANGE ON EITHER SIDE MAY LEAD DIRECTIONAL MOVE. HOWEVER AS OF NOW NIFTY IS LOOKING SLIGHTLY BULLISH AND WE ARE OF THE OPINION THAT TRADERS SHOULD ADOPT BUY ON DECLINE STRATEGY AS LONG AS 5750 IS IN TACT.
WITH MODERATE BULLISH VIEW ON THE INDEX WE RECOMMEND BULL SPREAD OPTION STRATEGY. TRADERS CAN BUY 5800 CE AT 100 AND SELL 5900 CE AT 53. PREMIUM PAID 47 SL 25 TGT 80-90
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