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TATA STEEL

Last updated : 01 June 2019

Tata Steel stock belong to Steel sector. NSE Code of Tata Steel is Tatasteel. BSE Code for Tata Steel is 500470. Face value of Tata Steel is Rs. 10. Tata Steel is available for Future and Options trading. Lot size for Tata Steel Future is 1061. (Time to time lot size changed by exchange, so please check it once before taking any action).

Latest View on TATA STEEL & TATA STEEL FUTURE

01 June 2019 : Tata steel closed at 488.30 (31 May 2019 closing). After last month fall, stock recovered to 518.45 from low 455.15 (16 May 2019). As per chart Tata steel support around 469-470 and resistance at 508-510. Once stock break these level, we will see further upside or downside. If you trade in Tata Steel Future, then always hedge your position with proper options.

11 May 2019 : Tata steel down more than 6% yesterday and closed at 486.80. Stock down to day low 479.05 from day high 525.75 when news came that join venture with Thyssenkrupp may fail. In yesterday trade Tata Steel broken important support level of 500-504 and after that we have seen more selling in this counter. Tatasteel Future made low 480.45 and closed at 487.30. Morning Tata Steel Future made high 528. Tatasteel 460 put which was trading around 1.60-1.80, 2-3 days back made high 13.75. Tatasteel 500 call down to 13.25 from day high 35.50. For coming days, one should watch this stock atleast for one to two trading session, if there is no positive news come then stock may go down more as technically stock weak now. Or till stock not sustain above 490, avoid buying in this counter.

 

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