Sell Nifty 16 Jun 16000 CE For Target RS.10 - Religare Broking
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Derivative Ideas
NIFTY shed 0.27% and closed at 15732.1 on 14th June. The markets have been witnessing pressure for quite some time now amid weak global cues. With Fresh CE writing at 15800 and beyond strikes, we expect NIFTY to trade with negative bias only. 15950 is critical for NIFTY to watch out for this expiry. We thus suggest selling 16000 CE within the recommended levels.
Strategy:- SELL NIFTY 16 JUN 16000 CE@ 45-50, STOPLOSS 75, TARGET 10.
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