The futures and options series for the month of July will expire on 25 July 2013 and one ought to trade with caution with this in the back of the mind.
That being said, the market is strong and bullish with immediate resistances at 6048, 6062 and 6093 and then at 6122.
However, in face of the impending settlement the Nifty must trade compulsorily above the support of 6027, a breach of which may see Nifty cracking down to 6002 and 5970.
Short-term traders are advised to start taking long positions for the August series on every weakness in Nifty in Nifty F&O segment with strict stop loss at 5964.
Mid term investors may bid HCL Tech at 871.45 and Hindustan Unilever at 664.10 in small quantities
No comments:
Post a Comment