Nifty below 12450 12 Nov Expiry

Nifty Expected to remain below the All time high levels. Even if it reaches ATH levels, resistance is expected and breaching might be difficult. US Election bullishness already seems priced in. No more bullishness expected even after results are declared.

Execute below bear call spread:
12450CE : -22.25
12400CE : 5.25
Net premium:-17.0
Lot:75
Net premium/lot: -1275
Margin: 37000
ROI: 3.86%
Days to expiry: 8

Stop loss: Nifty @ 12450
Target: Expiry of Nifty below 12450
Support and Resistance

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