F&O Radar: Deploy Bull Call Spread in Nifty to benefit from range bound to positive outlook

On the daily chart, it is evident that the Nifty consolidated within the range of the previous trading session, while broader market indices outperformed. Nonetheless, the index remains above the previous week’s highs and comfortably sits above its 10-day exponential moving average. The India VIX, a measure of market volatility, decreased by 0.50% intraday, settling at 12.88. This decline suggests reduced market uncertainty.