Tata Steel Futs Protect Longs
CMP: 772.35
The daily candlestick chart of Tata Steel Futs shows a big bullish candle on high
volumes. In the past 7-8 trading sessions it shows a rise from Rs.650-774. In this
process it has touched the resistance line in pink. Those holding longs in Tisco
can protect buy 760 April PA around Rs.7-8 or sell 780 April CA Rs.17-18
with a strict stop loss above Rs.24.25 (preferably in close) Support at Rs.736
needs to be broken for downside while resistance is pegged at Rs.793-798
and Rs.811. Holding till period April expiry.
* Avoid gap openings and trade in cash in small quantities.
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