Tata Steel has a huge call writing in 1300 ce. This can mean that the prices might not breach 1300 easily. Also, 1400ce has the second highest call writing volumes.

Tata Steel futures

CMP:- 1303.00
SL below:- 1280.00
Targets: 1375.00 / 1400.00+

Uptrend is prominent in the hourly chart and RSI too has shown a reversal. The results are expected to be really good.

Can buy at current levels.


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