Nifty fail below 8050 with loss of 58 point, BSE sensex fail 203 point trading at 26857, metal sector down 1.3% hindalco, jindal steel, tata steel, sesa stirlite down 3% to1%, pharma share traded positive sign, cipla increase 2.68%, lupin, dr reddy, nmdc, union bank increase 1%.
Global Effect and rupee trend on nifty sensex: rupee open week than dollar at 61.06, with loss of 40 paise, global trend of Asian market negative as well as US market close on friday at red zone so negative effect seen on domestic market.
nifty trend and tips today:
Nifty break down side 8050 , now 8032 then 8010 has strong support today, if break 8000 then market crash 7850 long term, Intraday range 8030 to 8070 today.
Trader can sell midcap share today, in s invest in auto ,infra sector on down fall.
Stock option call and future tips :
sell century tex future above 619 target 617/615 stoploss 621
sell apollo tyres future above 206.50 target 205/204/203 stoploss 208
sell tata motors future above 514target 513/512/511 stoploss 516
option call: buy nifty 8000 put above 40 target 50/60 stoploss 30
option call: buy LT 1550 put above 21 target 24/27/30 stoploss 18
option call: buy bharti airtel 400 put above 3.90 target 4.5/5.5/6.6 stoploss 3