Stocks tips for Tomorrow
TCS - Buy
for Tgt- 1255
in 2 weeks
The benchmark Nifty started the day on a positive note and touched the 5700 level in early trade, led by financial, metal, cement and metal stocks. Even the Sens*x got back above 19,000 level on strong pullback after a massive sell-off seen in last week.
The 50-share S&P CNX Nifty finally settled at 5,724.05 after gaining 69.30 points or 1.23%. Nifty January futures saw an addition of 3.01% or 0.68 million (mn) units, taking the total outstanding open interest (OI) to 23.34 mn units. For Nifty calls, 5700 strike price (SP) from the January series was the most active call with an addition of 0.03 mn or 0.47%. Among Nifty puts, 5700 SP from the January month expiry was the most active put with an addition of 0.09 mn or 1.25%. The maximum Call OI outstanding was at 5700 SP (6.89 mn) and that for Puts at 5700 SP (7.07 mn).
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