Banknifty futures has been adding fresh long positions. Banknifty is likely to be in a range of around 23600-24300 for next 4-5 sessions. We recommend doing a bull call spread in 20th July Banknifty 24200/24400 CE as per levels given below.
BUY BANKNIFTY 20th JULY 24200 CE @ 40 & SELL 24400 CE @ 14, NET PREMIUM AT 26, SL 4, TARGET 70.
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