Tata Steel had a awesome bull ride, prices are consolidating and positional shorts can be taken below 377 for short term target of 364 and 343.4
Buy above 386 Tgt 389,393 and 398 SL 384
Sell below 383.5 Tgt 380,375 and 370 SL 385
Triangle formation explosive move round the corner, Positional traders should watch a close below 411 for short term target of 398 and 385.
Buy above 423 Tgt 427,432 and 439 SL 420
Sell below 418 Tgt 415.5,411 and 405 SL 420
Buy above 281.5 Tgt 285,287 and 291 SL 279.5
Sell below 277 Tgt 275,271 and 264 SL 279.5
- All prices relate to the NSE Spot
- Calls are based on the previous trading day’s price activity.
- The call is valid for the next trading session only unless otherwise mentioned.
- Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
- Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.