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Weekly Options Strategy: Nifty bias may stay positive; consider Call Ladder
From the options space, we are witnessing continued Put writing at ATM and OTM strikes with 17,400 Put holding the major open interest. Call writers continue to remain under pressure and the maximum Call base remained at 17,500. Closure among these options is likely to take Nifty towards 17,800 levels. On downsides, we remain positive with stop loss near 17,200 levels.