BUY BANKBARODA 105 CALL @ 1.5 TGT 2/2.5
BUY VEDL 140 PUT @ 3 TGT 4/5
Bulls are back in action
& took nifty near 12000 mark. Bulls continued to show resilience as buying
activity continues. Banking is taking leadership during this phase of
consolidation, which is a good sign. Market breadth was a tad negative, but
nothing alarming.
The Sensex rallies 186 pts in fag-end rebound; Nifty near 11950, Voda Idea surges 37%; PSBs gain up to 20% Profit booking so far from 12000 is shallow, which suggests underlying strength in the market. Market is much healthier now as the participation is wider. We continue to remain overall positive on the index and believe that the index is poised to hit fresh all-time highs above 12100 zone.
The Sensex rallies 186 pts in fag-end rebound; Nifty near 11950, Voda Idea surges 37%; PSBs gain up to 20% Profit booking so far from 12000 is shallow, which suggests underlying strength in the market. Market is much healthier now as the participation is wider. We continue to remain overall positive on the index and believe that the index is poised to hit fresh all-time highs above 12100 zone.
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Resistance: 12055, 12100, 12200
Support: 11900, 11850, 11800
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