Sell Nifty 22 Sep 18000 CE For Target Rs. 5 - Religare Broking
Derivative Ideas
NIFTY shed 1.94% and closed at 17530.85 on 16th Sep. The index witnessed huge selling pressure on the back of fresh shorts addition in its FUTS. Call writing at 17600 and beyond strikes is also evident. VIX shot up by 8%. We expect markets to remain under pressure and 17800 to act as a strong hurdle for this expiry thus suggesting selling CE as per the given levels.
Strategy:- SELL NIFTY 22 SEP 18000 CE @48-50, STOP LOSS 75, TARGET 5.
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