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Published on 14/03/2019 9:37:33 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 showing sign of exhaustion after the recent rally and TATASTEEL is no different. It has recently tested the resistance zone of 200 EMA on the daily chart and pointing towards profit taking in near term. We advise preferring Put option instead of going naked short in futures.

Recommendation

BUY 510 PE Tata Steel Limited @ 8-9 Stop Loss 5 Target 16 CMP 9.35

 

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