The critical mark to look out for direction is at 6176 and if the index trades above this mark in the initial hour of trade then Nifty may show a bit of upside with resistances at 6275 & 6320. Otherwise it will consolidate with supports at 6193, 6171 & 6123.
Intraday traders may trade accordingly with stop loss for longs at 6130.
Short term traders may buy Nifty 5800 puts of November series if the index trades above 6300.
Mid term investors may bid Itc @ 313.05 & tata motors @ 366.05. They may offer 10% of their holdings in Hdfc bank @ 721.85 & 743.35.
Intraday traders may trade accordingly with stop loss for longs at 6130.
Short term traders may buy Nifty 5800 puts of November series if the index trades above 6300.
Mid term investors may bid Itc @ 313.05 & tata motors @ 366.05. They may offer 10% of their holdings in Hdfc bank @ 721.85 & 743.35.
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.
No comments:
Post a Comment