Nifty F&O Strategy: Look for fresh longs if Nifty crosses 18,400, says ICICIdirect

From the options front, sharp decline post Fed meet has resulted in heavy Call writing at ATM and OTM strike. While the put base is at ATM 18300 strike, Call bases are much stronger at 18400 and higher strikes. Hence a move above 18400 should be looked for fresh longs in the index.

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