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Sell Nifty 20 October 17600 CE @ 28-30, Stop Loss 50, Target 5 - Religare Broking
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Derivative Ideas
NIFTY shed 0.64% and closed at 17014.35 on 13th Oct. The index traded with negative bias throughout the day. The move happened on the back of addition of fresh shorts in its FUTS and significant Call selling at 17000. We expect the index to consolidate further with weakness bias in near term in the range of 16900-17150 and thus suggest selling CE as per the given levels.
Strategy:- SELL NIFTY 20 OCT 17600 CE @ 28-30, STOP LOSS 50, TARGET 5.
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