Asian Market weak, TCS share down, Oil stocks gained

Asian markets started negative, except Hangseng and Shanghai composite index all traded on red. Nikkei 225 declined 1.17%, BSE SENSEX fell 0.27%, and Strait times traded with 0.1% weakness.

TCS declined higher on Nifty index, the stock is trading with 3.56% lose at 2490.80. Infosys and and HCL technology shares slipped 1%.

ONGC and Oil India shares gained, the government has decided to take on burden of entire subsidy on domestic LPG in year 2015-16. ONGC shares moved 0.40% higher while Oil India shares gained 1.4%.

Today Option Calls

Nifty Option Put strike price 8600 expiry date 30 April 2015 Buy above 62.05 Target 71.38, 80.71, 90.33 stop loss 52.43.

Reliance Industries Option Call strike price 960 expiry date 30 April 2015 Sell below 12.90 Target 10.75, 8.60 stop loss 16.80.