nifty: Weekly Options Strategy: As Nifty looks to consolidated, go for bullish backspread
Strategy Positions:
Short Nifty 4 August 2022 17000 Put at 59 & buy 4 August 2022 16700 Put at 16, Total premium inflow: 43; Target: 1; Stop loss: 64.5 (1 Lot Each)
Rationale
The Nifty extended its gains during the monthly…