Sell Nifty 22 September 18100 CE @28-30 Stop Loss 45, Target 5 - Religare Broking
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Derivative Ideas
NIFTY gained 1.1% and closed at 17816.25 on 20th Sep. The index witnessed a sharp rally after opening with a gap, however last hour's fall dented the sentiments. The move was seen on the back of short covering in its FUTS. We expect Nifty to consolidate further in the range of 17500-17900 for the short term and thus suggest selling CE as per the given levels.
Strategy:- SELL NIFTY 22 SEP 18100 CE @28-30 STOP LOSS 45, TARGET 5.
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