Sell Nifty 24 NOV 18700 CE @ 48-50 Target 5 - Religare Broking
Derivative Ideas
Nifty shed 0.11% and closed at 18329.15 on 14th Nov. The index after opening flat consolidated in a narrow range. Nifty FUT saw a reduction in Open Interest suggesting unwinding of longs. With significant Call selling at 18400 and above strikes, we expect NIFTY to find resistance at higher levels thus suggesting selling CE as per the given levels.
Strategy:- SELL NIFTY 24 NOV 18700 CE @ 48-50, STOP LOSS 75, TARGET 10.
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