Sell Nifty 17 NOV 18600 PE @ 28-30 Target 5 - Religare Broking
Derivative Ideas
Nifty shed 0.25% and closed at 18157 on 9th Nov. The index after opening positive witnessed some profit taking at higher levels. The move happened on the back of addition of Fresh Shorts in its FUTS and significant Call selling at 18200 and beyond strikes. We expect NIFTY to find resistance at higher levels thus suggesting selling CE as per the given levels.
Strategy:- SELL NIFTY 17 NOV 18600 CE @ 28-30, STOP LOSS 50, TARGET 5.
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