Sell Nifty 24 NOV 18600 CE @ 28-30 Target 5 - Religare Broking
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Derivative Ideas
Nifty shed 0.20% and closed at 18307.65 on 18th Nov. The index after opening flat witnessed selling at higher levels. Nifty Futures saw a reduction in Open Interest of around 3% suggesting unwinding of longs. With significant Call writing at 18400 and above strikes, we expect NIFTY to find resistance at the higher levels, thus suggesting selling CE as per the given levels.
Strategy:- SELL NIFTY 24 NOV 18600 CE @ 28-30, STOP LOSS 45, TARGET 5.
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