The market will continue in its bullish mode if it opens and trades above 6011 in the opening hour with resistances at 6043, 6066 & 6097.
If it opens and trades below 6011 then it will find support at 5989, 5957 & 5935.
Intraday traders may trade long or short depending on which side of 6011 mark the index trades in opening hour and square off at the resistance and supports as the case may be. Stop loss for longs may be placed at 5995.
Short term traders may ride longs with stop loss at 5905.
Mid term investors may bid and offer HCL tech as advised in out previous post.
If it opens and trades below 6011 then it will find support at 5989, 5957 & 5935.
Intraday traders may trade long or short depending on which side of 6011 mark the index trades in opening hour and square off at the resistance and supports as the case may be. Stop loss for longs may be placed at 5995.
Short term traders may ride longs with stop loss at 5905.
Mid term investors may bid and offer HCL tech as advised in out previous post.
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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