From the choices entrance, sharp decline put up Fed meet has resulted in heavy Name writing at ATM and OTM strike. Whereas the put base is at ATM 18300 strike, Name bases are a lot stronger at 18400 and better strikes. Therefore a transfer above 18400 ought to be regarded for contemporary longs within the index.
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Nifty F&O Strategy: Look for fresh longs if Nifty crosses 18,400, says ICICIdirect
