There will be a good chance to buy Nifty, if it touch 7200 level. However due to bad signals, the fifty share index may go below 7200.
Hindalco shares may regain because the company shows the profit over expected estimation. Today ACC and Ambuja Cement, will announce their quarterly results.
Option Tips Today
Nifty Put Option Expiry 25 Feb 2016 strike price 7200
Buy above: 107.64 Targets: 110.19 Stop loss: 105.06.
Hindalco Put Option Expiry 25 Feb 2016 strike price 65
Sell below: 1.89 Targets: 1.26 Stop loss: 2.25.
Cipla Call Option Expiry 25 Feb 2016 strike price 540
Sell below: 26.26 Targets: 23.77 Stop loss: 27.56.
Gold remains above 1190$ level in the international market, in domestic market it is trading above Rs 28000 level. Read more updates and Commodity Tips.