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Published on 12/08/2022 2:27:31 PM | Source: Religare Broking Ltd

Sell Nifty 18 Aug 17200 PE @33-35, Stop Loss 60, Target 5 - Religare Broking

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

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Derivative Ideas

NIFTY gained 0.71% and closed at 17659.00 on 11th Aug. The index managed to hold its gap up gains and consolidated with positive bias throughout the day. NIFTY Futs saw good addition of longs with 17700 PE adding significant OI. We expect NIFTY to trade with positive bias in the range of 17500-17800 in the short term and thus suggest selling PE as per the given levels.

Strategy:- SELL NIFTY 18 AUG 17200 PE @33-35, STOP LOSS 60, TARGET 5.

 

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