Published on 11/08/2022 12:19:28 PM | Source: Religare Broking Ltd

Sell Nifty 17000 PE Target Rs. 10 - Religare Broking

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

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

Download Telegram App before Joining the Channel

Derivative Ideas

NIFTY gained 0.06% and closed at 17534.75 on 10th Aug. The index consolidated with positive bias throughout the day and ended the day giving 2nd consecutive close above 17500. NIFTY Futs saw marginal addition of longs with 17500, 17400 PE adding significant OI. We expect NIFTY to trade with positive bias in the range of 17350-17700 in the short term and thus suggest selling PE as per the given levels.

Strategy:- SELL NIFTY 18 AUG 17000 PE @48-50, STOP LOSS 70, TARGET 10.


To Read Complete Report & Disclaimer Click Here


Please refer disclaimer at

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