Nifty F&O Strategy: Look for fresh longs if Nifty crosses 18,400, says ICICI Direct
From the options front, sharp decline post Fed meet has resulted in heavy Call writing at ATM and OTM strikes. While the put base is at ATM 18,300 strike, Call bases are much stronger at 18,400 and higher strikes. Hence, a move above 18,400 should be looked for fresh longs in the index.
