Sell Nifty 27 October 16800 PE @ 38-40, Stop Loss 60, Target 5 - Religare Broking
Derivative Ideas
NIFTY gained 1.01% and 27 closed at 17486.95 on 18th Oct. The index consolidated in a range after opening with a gap. Significant selling in near the money options suggest further consolidation in the range of 17300-17650 with positive bias thus we suggest selling PE as per the given levels
Strategy:- SELL NIFTY OCT 16800 PE @ 38-40, STOP LOSS 60, TARGET 5.
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