As indicated in our last post, the Nifty remained weak finding support at 5811.
If the index manages to trade conclusively above the 5865 mark, then it may remain strong in today's session with resistances at 5919, 5964 & 6021. Above 6021, fresh longs may emerge.
The immediate support is at 5839 which if broken may see it slide downwards finding supports at 5819, 5765 & 5720.
Intra-day traders may stay away on account of the settlement of September F&O series.
Short-term traders may go short if the nifty trades above 6100 levels.
Mid-term investors may bid Hindustan Zinc in small quantity at 123.80.
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.
If the index manages to trade conclusively above the 5865 mark, then it may remain strong in today's session with resistances at 5919, 5964 & 6021. Above 6021, fresh longs may emerge.
The immediate support is at 5839 which if broken may see it slide downwards finding supports at 5819, 5765 & 5720.
Intra-day traders may stay away on account of the settlement of September F&O series.
Short-term traders may go short if the nifty trades above 6100 levels.
Mid-term investors may bid Hindustan Zinc in small quantity at 123.80.
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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