Tata steel call over shot by 3 % ....

call  was Tata Steel consolidating at 480 +/- 25 points and looking quite strong enough to enter at this level for 5 % flat gains . last day closed at 484.
500 is achievable target  before July closing .

ref http://dhanvarshagrp.blogspot.com/2010/07/buy-tata-steel-for-5-flat-gains.html

tata steel made a high of 515.70 before closing at 508.00

FUTSTK

TATASTEEL

29JUL2010

-

-

515.70

507.10

511.90

508.90

17432

44489.95

507.50

TATASTEEL

REFRESH As on 16-JUL-2010 15:30:13 Hours IST Instrument Type Underlying Expiry Date Option Type Strike Price Market Lot FUTSTK TATASTEEL  29JUL2010 - - 500 Price Information Open Price 514.05 High Price 515.70 Low Price 507.10 Last Price 508.90 Prev Close 511.90 Close Price 508.35 Change from prev close -3.00 % Change from prev close -0.59 VWAP 510.44 Underlying Value 507.50 Number of contracts traded 17432 Turnover in Rs. Lakhs 44489.95 Open Interest 24291000 Change in Open Interest 171000 % Change 0.71 Order Book Buy Qty Buy Price Sell Price Sell Qty 1000 508.15 508.35 500 6500 508.05 508.40 500 18500 508.00 508.75 2000 500 507.80 508.85 500 2000 507.70 508.90 1500 571000 Total Buy Qty Total Sell Qty 1353500 Cost of Carry   Best Buy Best Sell Last Price Price 508.15 508.35 508.90 Cost Of Carry 4.25 5.55 9.14 Other Information Settlement Price Daily Volatility Annualised Volatility Client Wise Position Limits Market Wide Position Limits 508.35 2.19 41.78 6051622 121032452