Sell Nifty 30 Jun 15800 CE For Target Rs.10 - Religare Broking
NIFTY shed 1.44% and closed at 15413.3 on 22nd June. The index witnessed a decline after finding resistance at 15650-15700 on the back of heavy writing at 15700 weekly CE and beyond strikes. The monthly 15500 CE saw an addition of 24000 odd contracts, making 15650-15700 as a resistance zone. We thus suggest selling monthly 15800 CE as per the given levels.
Strategy:- SELL NIFTY 30 JUN 15800 CE @ 55-60, STOPLOSS 90, TARGET 10.
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