Sell Nifty 15900 CE For Target Rs.5 - Religare Broking
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Derivative Ideas
NIFTY gained 1.88% and closed at 15638.8 on 21st June. The index witnessed a good bounce after finding support at 15150-15200. However during intraday NIFTY faced a hurdle at 15700 where significant OI added from past 2 days. We expect NIFTY to trade in the range of 15500-15800 for this weekly expiry and thus suggest selling 15900 CE as per the given levels.
Strategy:- SELL NIFTY 15900 CE @ 20-22, STOPLOSS 35, TARGET 5.
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