Sell Nifty 17000 PE Target Rs. 10 - Religare Broking
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 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
Top News
TRAI releases recommendations on `Promoting Local Manufacturing in the Television Broadcasti...
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...