Weekly Options Strategy: Nifty50 to see fresh consolidation, go for Bull Ratio spread
Nifty has started the new series with relatively higher open interest than the last month. Moreover, roll spread has remained on the higher side throughout the settlement week and despite profit booking seen, it hasn’t declined much. The premium in Nifty is still near 90 points which does not bode well for sharp upsides. Hence, a round of consolidation can be expected before a fresh directional move.