Sell Nifty 7 Jul 16300 CE For Target Rs.10 - Religare Broking
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Derivative Ideas
NIFTY shed 0.32% and closed at 15799.1 on 29th June. The index partially recoup its opening cut with bullish bias for the most part of the day. However NIFTY witnessed pressure after finding the resistance at 15850-15900 zone on the back of CE writing at higher levels. We expect NIFTY to trade in a range of 15650-15950 and thus suggest selling CE as per the given levels.
Strategy:- SELL NIFTY 7 JUL 16300 CE@ 40-45, STOP LOSS 62, TARGET 10.
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