01-01-1970 12:00 AM | Source: Religare Broking Ltd
Sell Nifty 01 Sep 17900 PE For Target Rs. 10 - Religare Broking
News By Tags | #1014 #5695 #3050

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Derivative Ideas

NIFTY shed 0.47% and closed at 17522.45 on 25th Aug. The index traded with positive bias on the monthly expiry day except for the last hour where significant selling pressure came. Broadly NIFTY is trading in a range of 17350-17750. We expect it to consolidate in this range with negative bias and thus suggest selling CE as per the given levels.

Strategy:- SELL NIFTY 1 SEP 17900 CE @48-50, STOP LOSS 75, TARGET 10

 

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