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Buy Nifty 7 JUL 16200 CE For Target Rs.90 - Religare Broking
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Derivative Ideas
NIFTY gained 0.11% and closed at 15850.2 on 28th June. The index recoup its opening cut with consolidation bias and closed flat. With VWAP based buying in NIFTY FUTS added with increase in OI suggesting long formation, we expect NIFTY to trade positive in the short term and thus suggest buying CE as per the given levels.
Strategy:- BUY NIFTY 7 JUL 16200 CE@ 50-55, STOP LOSS 30, TARGET 90.
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