Sell Nifty 08 Sep 17900 CE For Target Rs. 10 - Religare Broking
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Derivative Ideas
NIFTY shed 0.02% and closed at 17539.45 on 2nd Sep. The index traded sideways throughout the day. Fresh Shorts seen in the FUTS with CE writing seen at 17600 and beyond strikes. We expect NIFTY to trade with negative bias in the range of 17300-17750 and thus suggest selling CE as per the given levels
Strategy:- SELL NIFTY 8 SEP 17900 CE @48-50 STOP LOSS 75, TARGET 10.
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