IGI Logo

Derivative Ideas

NIFTY gained 1.64% and closed at 17094.35 on 30th Sep. The index gave a sharp pullback after the RBI meet. The move happened on the back of both fresh long formation and short covering. Significant put writing seen at 16700 levels. We expect the Nifty to consolidate with a positive bias in the range of 16800-17200 in the short term thus suggesting selling PE as per the given levels.

Strategy:- SELL NIFTY 6 OCT 16600 PE @ 38-40, STOP LOSS 60, 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