If the Nifty stands above the 6170 mark in the initial hour of trades today, then it may demonstrate a bit of strength with resistances at 6225, 6272 & 6326. Otherwise it will weaken somewhat with supports at 6123, 6069 & 6022.
Intra day traders may go long if it holds above the 6170 mark in the opening hour with stop loss at 6140. Otherwise they may short the index with stop loss at 6185.
Short term traders may go long at lower levels if it weakens down to 6015- 6025 levels with stop loss at 5995.
Mid term investors may buy Tata Motors at successive bids of 367.85, 352.90 & 318.35.
Intra day traders may go long if it holds above the 6170 mark in the opening hour with stop loss at 6140. Otherwise they may short the index with stop loss at 6185.
Short term traders may go long at lower levels if it weakens down to 6015- 6025 levels with stop loss at 5995.
Mid term investors may buy Tata Motors at successive bids of 367.85, 352.90 & 318.35.
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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