Sell Nifty 25 Aug 17400 CE For Target Rs. 5 - Religare Broking
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
NIFTY gained 0.5% and closed at 17577.50 on 23rd Aug. The index, after a pullback, resumed its upward journey and traded with positive bias throughout the day. NIFTY FUTS saw good addition of longs with 17400, 17500 PE adding significant OI making 17450-17500 to look out for as support. We expect NIFTY to trade with positive bias in the range of 17450-17750 in the short term and thus suggest selling PE as per the given levels.
Strategy:- SELL NIFTY 25 AUG 17400 PE@48-50, STOP LOSS 75, 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
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
