BUY TATASTEEL 450 PUT @ 11.35 TGT 15
BUY TATAMOTORS 180 CALL @ 8 TGT 10
Bulls tighten their grip
on the dalal street & took the nifty above 11250 mark. What could have been
a flat day for the market, took a turn for the better, as benchmark indices
logged decent gains towards the end of the session backed by banks and IT
stocks. At close, the
Sensex was 278 points up at 37393, while Nifty was up 100 points at 11257. Rupee
gained some 30 paise against the greenback. Global markets recovered on some
ease in US-China trade tensions. S&P futures were trading higher,
indicating a positive start for the US stocks. China markets too ended on a
positive note.
Nifty hovered around its support of 11200. The index formed an indecisive pattern and near-term oscillators are still in sell mode. Sustained weakness could drag the index towards the 11100 level. On the upside, it may face some headwinds around the 11350 level.
Nifty hovered around its support of 11200. The index formed an indecisive pattern and near-term oscillators are still in sell mode. Sustained weakness could drag the index towards the 11100 level. On the upside, it may face some headwinds around the 11350 level.
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Resistance: 11300, 11350
Support: 11150, 11100
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