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