Traders should opt for Theta depreciating Bear Call Spread in Bank Nifty

Money Control | Nov 10, 2019 at 5:14 AM
  • The roaring uptrend in the last few sessions has brought the Bank Nifty near the resistance zone, and traders need to be cautious at this juncture.
  • Fresh call writing has been witnessed in 30,900 and 31,100 strike price, where approximately 51,000 and 1.35 lakh contracts have been added on the short side.
  • On the put side 30,500 strike price has witnessed fresh writing of around 2.95 lakh contracts and cumulative open interest has increased to 5.38 lakh.