Aggressive short build-up in Nifty, avoid longs below 17,750: ICICIdirect

Nifty has witnessed aggressive short build-up in the last few sessions as Nifty near month OI increased by almost 15 lakh shares in last week. Keeping the view of rebound in the market as it is trading near its December lows of 17800. We feel traders should take protected strategies like Collar Spread where risk will be limited.

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