10 October 2013

On the Indian Stock market Oct 10

The benchmark index will continue to be bullish if it opens above the 5990 mark and trades above it in the opening hour. The resistance is at 6055, 6105 & 6193 and supports at 5917, 5827 & 5778.
Intraday and short term traders may continue to trade on the long side and may add further lots with strict stop loss at 5929.
Short term investors may offer 10% of their total holdings in HCL tech at 1176.95. In case of weakness in the counter one may bid HCL tech at 1067.05 in small quantity.
DisclaimerThe 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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