07-01-2022 08:49 AM | Source: Religare Broking Ltd
Sell NIFTY 7 JUL 16200 CE For Target Rs.10 - Religare Broking
News By Tags | #1014 #5695 #3050

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Derivative Ideas

NIFTY shed 0.12% and closed at 15780.25 on 30th June. The index traded in a narrow range of 200 points i.e. 15700-15900. NIFTY managed to trade with positive bias in the 1st half, however it witnessed pressure after finding the resistance at 15850-15900 zone on the back of CE writing at higher levels. We expect NIFTY to trade in a range of 15650-15950 and thus suggest selling CE as per the given levels.

Strategy:- SELL NIFTY 7 JUL 16200 CE@40-45, STOP LOSS 60, TARGET 10.

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer