Sell Nifty 17 NOV 17700 PE @ 38-40 Target 5 - Religare Broking
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Derivative Ideas
Nifty gained 0.47% and closed at 18202.80 on 7th Nov. The indices witnessed some profit taking on the higher levels. However the structure still remains positive. With Put base seen at 18100 and 18200 in Nifty, we expect the index to trade with positive bias in the short term in the range of 18000-18350 thus suggesting selling PE as per the given levels
Strategy:- SELL NIFTY 17 NOV 17700 PE @ 38-40, STOP LOSS 60, TARGET 5.
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