Web special: Strong support zone of TCS is near 1980 levels

Check out the trends and strategies for select index stocks with Navneet Daga, Derivative Analyst at KR Choksey Securities

Last Updated : Nov 25 2013 | 2:04 PM IST

Check out the trends and strategies for select stocks such as TCS, L&T, Voltas, Dabur and Biocon with Navneet Daga, Derivative Analyst at KR Choksey Securities:

SmartInvestor : Markets have rebounded in early trades today after losses in the previous three sessions. What is your call on the Nifty futures for Nov expiry this week?

Navneet Daga : Nifty for nov. series looking it will hold strong support zone near 6000 levels. Expiry strong buildup up is seen both ends near 6000 and 6200 levels. Expiry is looking very much near to 6100 levels.

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SmartInvestor : TCS seems to be active in the options segment today. What is your call on the IT major for Nov options expiry?

Navneet Daga : TCS and overall IT pack had gone into consolidation phase, we believe strong support zone of TCS is near 1980 levels, multiple support zone over there. Traders should be looking to go long near to those levels.

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