03 October 2013

On the Indian Stock market Oct 3

If the Nifty trades above the 5755 mark then it will remain bullish with resistances at 5810, 5841 & 5896. On the flip side the supports are at 5725, 5670 & 5639.
Intraday traders are advised to trade on the long side with strict stop loss at 5733.
Short-term traders may buy out of money Nifty calls of Oct series if the index falls below 5700 around the specified supports in small lots.
Mid-term investors may bid Hind Zinc @ 124.05 in small quantities.
DisclaimerThe 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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