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Derivative strategy on Nifty by Motilal Oswal Securities

Fresh writing at 9600 & 9700 CE could drag the index to lower levels

Chandan Taparia  |  Mumbai 

NSE

Option Strategy:

: BEAR PUT SPREAD
Buy 9600 PE 1 lot
Sell 9500 PE 1 lot

Target: 4950                     
SL: 2550

Rationale:

1) failed to cross 9700

2) Fresh writing at 9600 & 9700 CE could drag the index to lower levels

3) Put unwinding in 9600 strike also suggest that bears are getting grip for a profit booking decline

4) Thus low risk / Hedge strategy Bear Put Spread is recommended

Disclaimer: Chandan Taparia is a Derivatives and Technical Analyst at  

First Published: Fri, June 23 2017. 08:35 IST
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