Stocks Option Tips for the day
Buy TATA STEEL CA @ 12
At - 638
TGT – 16,18,22
SL - 624
Buy SASKEN
At - 217.85
Tgt – 220.75,222.45, 230.15
NIFTY Trend For The Day
Nifty future opened with a gap down after the first day of the pre-opening session and has taken support near 6005 levels . Nifty future has closed near the days high and may continue to move further upside towards 6150 to 6180 levels. Support for nifty future is at 6080/6020 levels and resistance is at 6180/6220 levels. Resistance now comes at 6169-6193 and sustaining only above 6193 will bring Nifty future back to bull orbit finally again. Many people are discussing about repetation of bear history for mega IPO, we reiterate about testing and breaking of all time high of 6336 before any major downmove. Sharp corrections are still ripe for taking longs.
Bank nifty future also opened with a gap down after the first day of the pre opening session and has taken support near 12235 levels . Bank nifty future has closed near the days high and may continue to move further upside towards 12520 to 12600 levels.
We recommend buying on dips with strict stoploss of 12200 levels.
