Published on 20/05/2017 4:34:50 PM | Source: Religare Securities Ltd

Derivative Ideas Nifty For Target Rs.30.00 - Religare Sec

Posted in Broking Firm Views - Short Term Report | #Nifty #Trading Report #Religare Securities Ltd


DERIVATIVES OUTLOOK

*  Nifty futures volume weighted average price (VWAP) is at 9370 and Banknifty futures is at 22600.

*  Nifty and Banknifty futures closed with premium of around 19 & 25 points respectively.

*  Nifty call writing was seen at 9500 strike, put buying (unwinding by writers) was seen at 9500 strike. Maximum positions are still at 9300 PE and 9500 CE.

*  Nifty is expected to be in the range of 9250-9550.

*  Finance, Capital Goods, Fertilisers and Textile stocks lost the most during the week.

*  DIIs were net buyer of around Rs 1045 Cr in cash segment during the week.

*  VIX is still in same range and likely to hover around 10-15% range for the next week.

 

Strategy:-

NIFTY call writing was seen at 9500 strike and put buying was seen at 9500 strike. Profit booking was seen in Nifty futures. We suggest doing 9400/9250 PE 1:2 ratio spread as per levels mentioned below.

 

Strategy:

BUY NIFTY 1 LOT 9400 PE AT 28 & SELL 2 LOT 9250 PE AT 9, SPREAD AT 10, TARGET 30.

 

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