Sell Nifty 17 NOV 18000 PE @ 28-30 Target 5 - Religare Broking
Derivative Ideas
Nifty gained 1.78% and closed at 18349.70 on 11th Nov. The index after opening positive continued showing strength. Nifty FUT added significant Open Interest as Fresh Long formation with the confluence of Put selling at 18300 and below strikes. We expect NIFTY to trade with a positive bias in the short term in the range of 18200-18500 thus suggesting selling PE as per the given levels
Strategy:- SELL NIFTY 17 NOV 18000 PE @ 28-30, STOP LOSS 50, TARGET 5.
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