"SELL LT FUTURE BELOW 1562 TGT 1554/1548 SL 1568.90"
"BUY TATASTEEL 350 CALL @ 5.80 TGT 7.40/9.20 SL 3.50"
Lack of movement was there in the market
today. Very range bound market was there in sensex & nifty. Sensex rose
over 150 points while broader Nifty closed above its crucial psychological
level of 8500 for first time in 11 months as encouraging U.S. data and
expectations of further monetary stimulus from global policymakers held out
hopes for a strong global economic outlook. The Indian stock market
rallied for the second consecutive session ahead of IIP and inflation data to
be released later in the day amid a firming trend overseas. The NSE Nifty
closes above 8500 mark for first time since August 2015. Meanwhile, the
strong likelihood of a GST Bill being passed in the monsoon session of
Parliament, which starts on July 18, and hopes for a good start to the
quarterly earnings season also boosted investor sentiment. The BSE
Sensex ended with a gain of 181 points at 27808. The BSE Sensex opened at 27668
touched an intra-day high of 27828 and low of 27668. The NSE Nifty closed
with a gain of 53 points at 8521. The NSE Nifty opened at 8503 hitting a high
of 8527 and low of 8479.