Tata Chemicals might move towards 625/635 in the coming days. One might buy on dips as an upmove might be on the cards as seen from the converging move on the MACD. A confirmation on RSI has already been obtained.
One might sell Nifty for the coming week with the SL of 11765 and target below 11550. Bank Nifty gave a negative close after 6 weeks which might aggravate the move on the downside. One might want to avoid aggressive positions as the elections get started next week.
*All levels are Cash levels.
One might want to sell Nifty on rise based on today's price movement with SL placed at 11740 and targets of 11630/11591. All levels are cash levels. A divergence is seen on the RSI and price action on the Bank Nifty also supports the move. Its a good idea to book profits on longs and wait on the sidelines.
One may sell Bank Nifty on rise with SL of 30280 and a target 29788. One might choose to sell the 30300/ 30400 CE options on rise depending on the risk profile. The mentioned levels are cash levels and are valid only for today.