The Nifty is expected to continue in its bullish mode with resistances at 6120, 6144 & 6182 and supports at 6059, 6022 & 5998.
Intraday traders may go long if it opens and trades above 6083 in the opening hour with stop loss at 6065. Otherwise they may trade short.
Short term traders may ride longs and even accumulate on long side with strict stop loss at 5930.
Mid term investors may offer 10% of their holdings in HCL tech @ 1227.50 & 10% of their holdings in HDFC bank @ 695.45.
Intraday traders may go long if it opens and trades above 6083 in the opening hour with stop loss at 6065. Otherwise they may trade short.
Short term traders may ride longs and even accumulate on long side with strict stop loss at 5930.
Mid term investors may offer 10% of their holdings in HCL tech @ 1227.50 & 10% of their holdings in HDFC bank @ 695.45.
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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