Today morning session nifty open weak trading sign, and slip down below 6520 level, cause of negative response of Asian market, as well as Rupee traded negative than dollar.
IT, pharma, fmcg, auto, metal share look in negative trend, infra ,reality , bank share continue rally in positive sign.
Nifty trend today:
nifty look some profit booking level and consolidated at 6500 level to 6550 level, resistance level for nifty is 6556,6589,6627
support level for nifty is 6478,6453,6421
Advice on nifty today : buy above 6530 and sell below 6500
stock future and option tips :
buy union bank of India 116 target 117,118,119 stoploss 113
buy bank of India future above 197 target 199,201,203 stoploss 195
option call: buy auropharma 520 call above 18 target 19,20,21stoploss 15
option call: buy jp associate 45 put above 0.95 target 1.40,2,2.5 stoploss 0.50
option call: buy LT 1220 call above 37 target 40,34,55 stoploss 30