Buy NIFTY 7th OCT 17400 PE and SELL 2* 17150 PE For Target Rs.40 - Religare Broking
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Derivative Ideas
NIFTY FUT has added around 12% in open interest as fresh short build up was seen in it. Current chart pattern also indicates further down move in its price. We suggest buying in NIFTY 7th OCT 17400 PE@80 and Selling 2 lots 17150 PE@33.35 each, as per below levels.
Strategy:- BUY NIFTY 7th OCT 17400 PE@80 and SELL 2*17150 PE@33.35 each spread at 13.3, stoploss at 1, trgt 40.
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