Today Tips for 30 dec

Tata Motors is trading in a range of 210 and 160 since 9 weeks and in this process it has formed a symmetrical triangle formation. The volatility and volumes both have come down due to this sideways movement. Now, since it has reached towards the apex of the triangle, the expansion of volatility is expected which will get minimum of Rs50 movement on either side. Hence, Way2Wealth think Long strangle should be a good strategy.

The strategy consists of buying 1 lot of Tata Motors Jan 200 Call option Dec. at Rs3.30 and buying 1 lot of Tata Motors Jan 160 Put option at Rs2.75. The premium outflow in this strategy would be Rs6.05. Initial outflow is estimated to be Rs12100 at the time of initiation of strategy.

Buy 1 lot of Tata Motors Jan. 200 Call around 3.30

Buy 1 lot of Tata Motors Jan. 160 Put around 2.75

today's tips for stock market

1.Reliance Communications is in the final stages of talks with

private equity firms Carlyle and Blackstone to sell its tower

unit.

2.NTPC installed capacity has gone up to 36,014 MW, with the

commissioning of another 660 MW unit at the Sipat plant in

Chattisgarh

3.Havells India along with a Chinese partner will invest up to

$100 million (nearly Rs 530 crore) in the next three years to set

up a manufacturing facility at Jiangsu province in China.

4.Adani Enterprises has floated international tender for selecting

a logistics service provider, who would be responsible for

delivery of coal to various thermal power plants.

5.Global steel producers are now starting to slam on the brakes

in response to dimming short-term prospects for demand.

Annualised global steel output slumped to 1,405 million tonne

in November, the lowest level this year.

Claim Process

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Free Tips

Nifty DEC future: (4721) 4690 a crucial support to watch out for break below which it'll fall down to 4657-4646 initially. Break below 4646 it'll crash down to 4615 & 4565.
Upward side 4753 & 4778 crucial resistances up to which selling will be seen, keep stop loss of 4778 to your shorts. Crossover above 4778 it'll surge up to 4820-4828 initially. Crossover above 4828 only it'll sustain on higher levels & spurt up to 4860 & 4909.

Bank Nifty DEC Future: (8292) 8394 & 8465 crucial resistances up to which selling will be seen, keep stop loss of 8465 to your shorts. Downward side 8198 a crucial support to watch out for break below which it'll fall down to 8097 & 8011.
Upward side crossover above 8465 it'll turn positive & surge up to 8606 & thereafter to 8692.

Stock Market Intraday Tips

Nifty DEC future: (4554) 4598-4608 crucial resistance, keep stop loss of 4640 to your shorts. Downward side it'll fall down to 4516 & 4494-4488 initially. Break below 4488 it'll crash down to 4385.
Upward side crossover above 4640 it'll surge up correctively to 4671 & thereafter to 4704, 4727 & 4742-4756. Crossover above 4756 it'll surge up further to 4805; overall go short keeping stop loss of 4840.

Bank Nifty DEC Future: (7798) It'll fall down further to 7717 initially which is a crucial support to watch out for. Break below 7717 heavy fresh selling will drag it down to 7633, 7528 & 7358.
Upward side 7902 & 7975 solid resistances, keep stop loss of 7975 to your shorts. Crossover above 7975 it'll turn positive & surge up correctively to 8108 & 8170-8192 initially. Crossover above 8192 it'll surge up further to 8329-8350, book profit around 8350 & go short keeping stop loss of 8500.

Best Intraday Stock Tips

ICICI Bank: (676) Sell considering 682 nearest & 689 & 700 solid resistances keeping stop loss of 714. Downward side it'll fall down to 645.

AXIS Bank: (901) Sell considering 920.50 a nearest & 934-942 solid resistances keeping stop loss of 965. Downward side it'll fall down to 887 & 858.

KOTAK Bank: (481) Break below 474 it'll heavily fall down to 459, 449 & 434. Upward side 490 & 495.50 solid resistances.

YES Bank: (257) Sell considering 260 & 265 solid resistances keeping stop loss of 273. Downward side it'll fall down to 244 & 235.