As long as the Nifty trades below 5754 today, it will continue to be weak with supports at 5699, 5663 & 5607.
However, if it bounces back to trade above 5754 mark then the resistances are at 5790, 5846 & 5882.
Intraday traders may trade on the short side with stop loss at 5836.
Short- term traders may remember we had advised them to buy nifty October puts earlier during September. Well, they may consider booking profits as Nifty hits the specified supports.
Mid-term investors may bid Hind Zinc @ 125.25 in small quantities.
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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