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Sell Nifty 15 Sep 18200 CE For Target Rs. 5 - Religare Broking
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Derivative Ideas
NIFTY gained 0.19% and closed at 17833.35 on 9th Sep. The index consolidated with negative bias giving up its gap up gains. 17900 CE added significant OI making 18000-18050 zone to watch out for resistance. We expect NIFTY to trade in a range of 17700-18000 in the short term and thus suggest selling CE as per the given levels.
Strategy:- SELL NIFTY 15 SEP 18200 CE @33-35, STOP LOSS 55, TARGET 5.
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