"BUY TECHM 780 CALL @ 12 TGT 15/18"
Bulls came back strongly
and pushed the Nifty to fresh all-time highs. Sensex and Nifty hit their fresh
all-time highs today led by gains in banking, metal and information technology
stocks. While Sensex hit 41401 rising 463 points against its previous close of
40938, Nifty gained 129 points to 12182 compared to previous close of 12053.
Sensex has hit new high for the second straight day. On Monday, Sensex reached
a new high of 41185. Nifty too rose to 12158, its all-time high.
Market has been strong for past few sessions giving an early indication of the buoyancy and value in the broader markets. While the market gains could extend in the coming sessions, we prefer to remain cautious at higher levels. We believe volatility is likely to remain high in the near term. Meanwhile, investors would keep a watch on outcome of GST council meet (scheduled tomorrow) as well as continue to track global markets. Nifty is headed for 12300-12400 in the near term. We have continued to maintain bullish stance on the markets even during the downside which has worked very well. Metal sector is likely to surprise on the upside. Immediate support is placed at 12000 zone.
Market has been strong for past few sessions giving an early indication of the buoyancy and value in the broader markets. While the market gains could extend in the coming sessions, we prefer to remain cautious at higher levels. We believe volatility is likely to remain high in the near term. Meanwhile, investors would keep a watch on outcome of GST council meet (scheduled tomorrow) as well as continue to track global markets. Nifty is headed for 12300-12400 in the near term. We have continued to maintain bullish stance on the markets even during the downside which has worked very well. Metal sector is likely to surprise on the upside. Immediate support is placed at 12000 zone.
More
about intraday tips on Google +
Resistance: 12200, 12250,
12300
Support: 12000,
11900, 11800
No comments:
Post a Comment