Sell Nifty 01 Dec 18200 PE @ 28-30 Target 5 - Religare Broking
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Derivative Ideas
Nifty gained 0.15% and closed at 18512.75 on 25th Nov. The index after opening flat consolidated in a narrow range throughout the day. NIFTY DEC FUTS added around 2.5% to its Open Interest as Fresh Longs. With significant Put selling Seen at 18300 weekly strike, we expect NIFTY to maintain its positive bias and continue to trade in the range of 18300-18600, thus suggesting selling PE as per the given levels.
Strategy:- SELL NIFTY 01 DEC 18200 PE @ 28-30, STOP LOSS 50, TARGET 5.
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