Published on 22/05/2019 9:40:41 AM | Source: Religare Securities Ltd

Option Strategy Tata Steel Ltd by Religare Securities

Posted in Broking Firm Views - Short Term Report| #Metals Sector #Tata Steel Ltd #Trading Report #Religare Securities Ltd

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Tata Steel Limited (TATASTEEL)

Mostly metal counters are reeling under pressure and TATASTEEL is no different. After the sharp decline, it witnessed marginal bounce but couldn’t surpass the major hurdle of 200 EMA on the weekly chart and drifted lower. Indications are in the favour of further decline in near future. We advise initiating fresh shorts through Put option as per the mentioned levels


Buy Tata Steel Ltd 470 PE @10-12 Stoploss 5 Target 25 CMP 14.75


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