Plan for December 10, 2019

Consolidation day is done, expecting a trend day

Nifty and Banknifty may trend tomorrow, go with buy-side bias

1. Nifty buy at 12,010 and sell below 11,920 stop loss of 0.5%
2. Banknifty buy at 31,600 and sell at 31,200 stop loss of 0.5%
3. Kotak buy at 1,680.
4. Reliance buy at 1,585.
5. TCS buy at 2,050 stop loss of 2,018.
6. HDFC Bank trend day tomorrow, buy at 1,250 and sell 1,238.
7. Tata Steel trend day tomorrow, buy at 410 with the stop loss of 402.
8. Volatility breakout trade (Inspired by Linda Raschke), here you buy or sell the breakout with an initial stop of 1% and trailing the targets.

• Jindal Steel (Buy Bias)

Disclaimer-

All information is based on the current market situation. Take everything with a pinch of salt and consult your adviser. The outlook is for the personal use of the author and educational purpose for others.