If the index trades above 5897 in today's session then it will remain bullish with resistances at 5929, 5941, 5965 & 6010. Fresh longs will emerge above 6010.
On the other hand if it trades below 5888, then it will remain weak with supports at 5818, 5834 & 5804.
Intraday traders may trade accordingly with stop loss at 5888 for trades on long side and stop loss at 5897 for trades on short side.
Short-term traders may consider buying Nifty 5700 put of November series if nifty trades above 6200 & buying Nifty 6200 calls of November series if Nifty falls below 5700.
Mid-term investors may bid Hind Zinc at 124.85 & HCL Tech at 1024.05.
On the other hand if it trades below 5888, then it will remain weak with supports at 5818, 5834 & 5804.
Intraday traders may trade accordingly with stop loss at 5888 for trades on long side and stop loss at 5897 for trades on short side.
Short-term traders may consider buying Nifty 5700 put of November series if nifty trades above 6200 & buying Nifty 6200 calls of November series if Nifty falls below 5700.
Mid-term investors may bid Hind Zinc at 124.85 & HCL Tech at 1024.05.
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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