The market is expected to weaken further if it opens and trades below 6065 and may find support at 6015, 5985 & 5937. However if it opens and trades above 6063 in the initial hour then it will find resistance at 6094, 6141 & 6176. Fresh longs will be built if it happens to trade above 6114.
Intraday traders are advised to play on the short side with strict stop loss at 6095. They may go long if the index trades above 6114.
Short term traders may go long if the market falls down to below 5900.
Mid term investors may consider adding HCL tech in small quantity @ 965.05.
Intraday traders are advised to play on the short side with strict stop loss at 6095. They may go long if the index trades above 6114.
Short term traders may go long if the market falls down to below 5900.
Mid term investors may consider adding HCL tech in small quantity @ 965.05.
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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