Market sentiment is anyway positive. Since 5950 is channel breakout and
6000 is psychological resistance, there could be volatile movements. But
all corrections are only opportunity to BUY.
Next short term target will be 6150. There can be a correction expected in
between these levels. You can build long positions with 5800 (spot levels)
as stop loss.
Do not jump to BUY at open, see how market will move for first 15 mins
and then you could buy. There may be small correction during open or
after it moves above 5950. You will get better rates.
6000 is psychological resistance, there could be volatile movements. But
all corrections are only opportunity to BUY.
Next short term target will be 6150. There can be a correction expected in
between these levels. You can build long positions with 5800 (spot levels)
as stop loss.
Do not jump to BUY at open, see how market will move for first 15 mins
and then you could buy. There may be small correction during open or
after it moves above 5950. You will get better rates.
Shares of Tata Steel will remain in focus after steel major said that its board has approved raising Rs 12,800 crore through a rights issue to finance organic and inorganic growth plans.Share Tips
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