Sell Nifty 01 Dec 18100 PE @ 28-30 Target 5 - Religare Broking
Derivative Ideas
Nifty gained 1.19% and closed at 18484.10 on 24th Nov. The index after opening positive inched higher throughout the day on the back of addition of fresh longs in its Futs and significant put selling in near the money options. We expect NIFTY to trade with positive bias in the range of 18300- 18600, thus suggesting selling PE as per the given levels.
Strategy:- SELL NIFTY 01 DEC 18100 PE @ 28-30, STOP LOSS 45, TARGET 5.
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