The immediate resistance for today is at 5916 below which the index will remain weak with supports at 5880, 5844, 5798 & 5726.
However, if nifty conquers the 5916 mark then it will see resistance at 5962, 6010, 6034 & 6080.
Intraday traders may stay away on account of upcoming date of settlement of September F&O series on 26 Sept.
Short-term traders may play contrarion in the October series. Go short around 6200 levels and long around 5700 levels in small lots.
Mid term investors may consider pruning their portfolio.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.
However, if nifty conquers the 5916 mark then it will see resistance at 5962, 6010, 6034 & 6080.
Intraday traders may stay away on account of upcoming date of settlement of September F&O series on 26 Sept.
Short-term traders may play contrarion in the October series. Go short around 6200 levels and long around 5700 levels in small lots.
Mid term investors may consider pruning their portfolio.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.
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