Nifty strategy: Keep stop loss at 19,500 for long positions, says ICICIdirect

July 30, 2023

ICICI Securities recommends selling the 3rd August Nifty 19650 call between 95-100 and setting a stop loss of 5 with a target price of 50; the same condition is advised for selling the 3rd August 19650 call. The Nifty is expected to remain at 19500-19800 levels in the near future. According to the India VIX, volatility is at a low of 10.20 and may remain so. Long positions must have a stop loss near the 19500 levels.

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