F&O Radar | Deploy Bull Call Spread in Nifty for gains from bullish outlook on monthly expiry

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Indian stock market's Nifty has shown a bullish trend, closing positively for seven consecutive days.

Synopsis

Nifty’s seven-day winning streak signals bullish momentum, supported by strong base formation around the 24,000–24,200 range. Despite a spike in INDIA VIX, the index rebounded, closing near its high. Experts recommend a Bull Call Spread strategy for monthly expiry, targeting 24,500–24,800, with positive cues from PCR and max pain data.

Nifty has been trending higher and has closed in positive territory for seven consecutive days, which is a positive sign for the bulls in the near term.Although the INDIA VIX rose in the last trading session—leading to an intraday sell-off—the index managed to recover later in the day and closed near its day’s high.“This has led to good base formation at lower levels and strong additions near the 24,000–24,200 range. Hence, as long as this range

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