"BUY NIFTY 11900 CALL 4 JUL @ 45 TGT 55/70"
"BUY RELINFRA 40 PUT @ 2.7 TGT 3.2/3.7"
Market ended with strong
gains on Monday tracking global markets as the US-China announced resumption of
trade talks after a meeting between US president Donald Trump and his Chinese
counterpart Xi Jinping. The Sensex ended almost 300 points higher, while the
Nifty settled above 11850. The Sensex ended 291 points up at 39686, while Nifty
was up 76 points at 11865.
Nifty is still in a
consolidation range and support lies around 11825 -11800 levels. Going ahead,
this support zone would be closely watched by the investors. A sustainable move
below this would result into an extended correction. However, in my sense,
Nifty would probably move higher and immediate resistance is now placed in the
zone of 11900 - 11925 levels.
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Resistance: 11900, 11925
Support: 11825, 11800
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