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Stock to watch....TATA STEEL, APOLLO TYRES, UNITED SPIRITS |
TLS2010
White Belt
Joined: 30 Nov 2010
Posts: 37
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Post: #1  Posted: Wed Aug 22, 2012 8:20 pm Post subject: Stock to watch....TATA STEEL, APOLLO TYRES, UNITED SPIRITS |
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Tata steel seems to be trading at its DZ (demand zone) of 390 level. Options data has seen highest unwinding of Put compared to Call options. This may be seen as bullish. Watch out for buying opportunity tomorrow if it trades strong above 393 for a target of 396-400-403/405.
Apollo Tyres & United Spirit: Stocks are trading at Supply zones. may give good opportunity to Short (intraday only), if they trade below their respective pivot prices (PP).
Apollo tyres, PP = 94.65
United Spirit, PP = 960
Happy Trading !!! |
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