Resistance seen at 12100 levels. Do not expect nifty to go beyond 12100 before 5th Nov expiry.
Execute below bear call spread:
12100CE : -21.5
12400CE : 3
Net premium:-18.5
Lot:75
Net premium/lot: -1387.5
Margin: 37000
ROI: 3.75%
Days to expiry: 3
Stop loss Nifty @ 12100
Target Expiry of Nifty below 12100