We had seen the breakout coming as all technical indicators were crying bull.
Today the Nifty will remain bullish if it holds above 6079. However the immediate support is at 6099.
Below 6079, it might slide down to 6056, 5997 & 5954.
Above 6099 immediate resistance is at 6131 which if overcome may see it climb to 6158, 6201 & 6260 levels.
Intra-day traders may trade long with stop loss at 6075.
Mid-term traders may add more lots of deep in the money nifty puts of october series if nifty trdes above 6285.
Mid-term investors may continue pruning their portfolio by selling non- performers.
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.
Today the Nifty will remain bullish if it holds above 6079. However the immediate support is at 6099.
Below 6079, it might slide down to 6056, 5997 & 5954.
Above 6099 immediate resistance is at 6131 which if overcome may see it climb to 6158, 6201 & 6260 levels.
Intra-day traders may trade long with stop loss at 6075.
Mid-term traders may add more lots of deep in the money nifty puts of october series if nifty trdes above 6285.
Mid-term investors may continue pruning their portfolio by selling non- performers.
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.
No comments:
Post a Comment