Sell Nifty 3 Nov 17400 PE @ 33-35, Stop Loss 50, Target 5 - Religare Broking
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Derivative Ideas
NIFTY gained 0.28% and closed at 17786.80 on 28th Oct. The index witnessed some resistance at 17800 levels. However the structure still remains positive. With Put base seen at 17600 strike in Nifty, we expect the index to trade with positive bias in the short term in the range of 17550-17750 thus suggesting selling PE as per the given levels.
Strategy:- SELL NIFTY 3 NOV 17400 PE @ 33-35, STOP LOSS 50, TARGET 5.
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