F&O Radar | Deploy Bull Call Spread in Nifty to gain from bullish stance

Nifty hit 24,443, forming a Bullish candle with a 110-point gain. India VIX rose 12% to 14.31 before Budget 2024. Chandan Taparia from Motilal Oswal suggests a Bull Call Spread strategy. Immediate range is 24,200-24,600; small declines could lead to 24,750-25,000. Option data shows a broader range of 24,100-24,700; follow-up buying intact.