Nifty F&O Strategy: Expect consolidation with support near 17,500; go for short straddle, says ICICI Direct

Nifty F&O Strategy: Expect consolidation with support near 17,500; go for short straddle, says ICICI Direct https://ift.tt/SjbeW3R Nifty extended its gains by another 1% in a truncated last week and tested our targets of 17800, driven largely by short covering. Once again, financial stocks were major gainers of the week, along with midcap and small caps, which continued their momentum in the new financial year. Going ahead, we expect the Nifty to consolidate with support near 17500 amid results from heavyweights