Call Spread Strategy News Today

The immediate supports for the Nifty index are placed around 22,700 and 22,500, while on the higher side, the index has the potential to rally towards the 23,400-23,500 zone.

On the lower side, crucial support is at 2,900. The short to medium term trend will remain positive as long as the stock holds this level on a closing basis

MCX stock has already seen aggressive short covering followed by long addition immediately after the breakout, the pace of up move from here on can be gradual with some bouts of intermediate profit booking

Traders could initiate call spread strategy to make modest returns with limited risk and reward. The spread suggested by Axis Securities consists of buying one lot of 19,600 strike Call option and simultaneously selling one lot of 19,800 strike call option