Sell NIFTY 24 NOV For Target Rs. 5 - Religare Broking
Derivative Ideas
Nifty shed 0.81% and closed at 18159.95 on 18th Nov. The index witnessed selling pressure throughout the day. The move happened on the back of addition of fresh shorts in its futures. With significant Call selling at 18200 and above strikes, we expect NIFTY to find resistance at the higher levels, thus suggesting selling CE as per the given levels.
Strategy:- SELL NIFTY 24 NOV 18400 CE @ 28-30, STOP LOSS 45, TARGET 5.
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