A little more upside seems likely with resistance at 6130, 6148 & 6172. The support for the day is at 6089, 6065 & 6047.
Intra day traders are advised to play on the long side if the index opens and trades above the 6106 mark in the opening hours with strict stop loss at 6090. Otherwise they may play on the short side.
Short term traders may continue riding their longs with stop loss at 6053.
Mid term investors may offer HCL tech @ 1180.95 & 1227.55 and HDFC bank @ 696.85 in small lots.
Intra day traders are advised to play on the long side if the index opens and trades above the 6106 mark in the opening hours with strict stop loss at 6090. Otherwise they may play on the short side.
Short term traders may continue riding their longs with stop loss at 6053.
Mid term investors may offer HCL tech @ 1180.95 & 1227.55 and HDFC bank @ 696.85 in small lots.
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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