"BUY DLF 175 PUT @ 6 TGT 7.5"
Encouraging September
quarter results, along with optimism over US-China trade deal aided bulls to
stay in the driver's seat. Extending their gaining streak into the seventh
session in a row, the market settled with nearly 0.5% gains on the 1st
day of the week. The Sensex added 137
points to end at a record closing high 40301. During the day, the index hit a
fresh high of 40483 levels. The Nifty ended at 11945, up 54 points.
It seems
that markets are enjoying their merry days and are in no hurry to
provide a much awaited correction. For the coming session, immediate resistance
would be seen at 12055-12100 and a sustainable move beyond this would extend
this rally towards 12200. On the flipside, 11900-11800 are likely to act as
strong support levels unless
this zone is violated decisively, the bulls need not worry.
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Resistance: 12055, 12100,
12200
Support: 11900,
11850, 11800
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