Powered by: Motilal Oswal
08-02-2022 12:48 PM | Source: Religare Broking Ltd
Sell Nifty 4 Aug 17000 PE For Target Rs.5 - Religare Broking
News By Tags | #1014 #5695 #3050

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Derivative Ideas

NIFTY gained 1.06% and closed at 17340.05 on 1st Aug. The index after opening flat traded with positive bias throughout the day. The move happened on the back of fresh longs added in its FUTS. 17050-17150 should act as the support for NIFTY for this weekly expiry. We expect NIFTY to trade with positive bias in the range of 17150-17500 in the short term and thus suggest selling PE as per the given levels

Strategy:- SELL NIFTY 4 AUG 17000 PE @28-30, STOP LOSS 45, TARGET 5.

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer