Buy Nifty 26 May 15300 PE For TRGT Rs. 120 - Religare Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/05/383cb43c128fe3ffc4464682db58105b.jpg)
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 Ideas
The Markets witnessed huge selling pressure on the expiry day amid weak global cues and NIFTY shed 2.65% and closed at 15809.4 on 19th May. The down move happened with significant addition of Fresh Shorts in its FUTS. With 16000 as Resistance, we anticipate more pain ahead and NIFTY is likely to test its support at 15650. We thus suggest initiating Shorts with the PE option.
Strategy:- BUY NIFTY 26 MAY 15300 PE @ 50-60, SLOSS AT 10, TRGT 120.
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
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Bullion Outlook.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jainam share consultant.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Advisory.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ministryfinance010324.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/shein.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/arete securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _12.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Daily Market Analysis : Nifty inched gradually higher however profit taking in the final hour trimmed the gains Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/87dc0b0b977467c4edfa9b5555b9ad51.jpg)
![Stock of the day : Buy SBI Life Insurance Ltd For Target Rs.1425 - Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0e745fc367a1b9ecb510e1a4c6bb443b.jpg)
![Banking index engulfed in three days consolidation range and settled higher gaining over a percent - Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/705a54e0fd5574d2bfd258aca569ccec.jpg)