F&O Radar | Deploy Bull Call Butterfly Spread in Nifty for gains from bullish momentum

The Nifty index closed at 24,750 after losing 82 points. It finds support at the Bollinger Bands' middle band. This level has been a critical support zone. Nifty remains above the 61.8% Fibonacci retracement level. The RSI indicates a short-term loss of bullish momentum. Experts suggest a Bull Call Butterfly strategy to leverage bullish momentum while mitigating risk.