Hi Investors/Traders,
General trend on nifty is positive but 6223-6240 is resistance zone which is not breached today. So we can expect some reversal tomorrow. If you want to take risk can go for 6200 or 6000 Nifty december Put.
Following is trend on sintex Industries:
Sintex:
Sintex is looking positive acc. to its technical indications. Cup and Handle and Head shoulders(partial) trend is clearly visible. After 34 intraday consolidation one can buy this stock in cash. Option call is also good but nifty may backtrack tomorrow or day after so can take option call down with it. So be careful while trading in Options but Cash looks awesome on this.
Buy above 34 Intraday.
First Target: 38
SL: 32, 31(on closing on cash)
General trend on nifty is positive but 6223-6240 is resistance zone which is not breached today. So we can expect some reversal tomorrow. If you want to take risk can go for 6200 or 6000 Nifty december Put.
Following is trend on sintex Industries:
Sintex:
Sintex is looking positive acc. to its technical indications. Cup and Handle and Head shoulders(partial) trend is clearly visible. After 34 intraday consolidation one can buy this stock in cash. Option call is also good but nifty may backtrack tomorrow or day after so can take option call down with it. So be careful while trading in Options but Cash looks awesome on this.
Buy above 34 Intraday.
First Target: 38
SL: 32, 31(on closing on cash)
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