The nifty must trade above the 5914 mark to remain in the bullish mode in which case the immediate resistances are at 5943, 5979 & 6009.
Otherwise it will remain in a consolidation mode with supports at 5878, 5848 & 5812.
Intraday traders may trade according to which side of the 5914 mark nifty trades, with strict stop loss at 5925 for those playing on short side as we believe that the undertone will remain bullish.
Short-term traders may buy one lot of out of money call if Nifty falls below the 5798 mark and buy one lot of nifty put if it trades above 6051 mark.
Mid term investors may bid for Hind Zinc at 124.35 in small quantities.
Otherwise it will remain in a consolidation mode with supports at 5878, 5848 & 5812.
Intraday traders may trade according to which side of the 5914 mark nifty trades, with strict stop loss at 5925 for those playing on short side as we believe that the undertone will remain bullish.
Short-term traders may buy one lot of out of money call if Nifty falls below the 5798 mark and buy one lot of nifty put if it trades above 6051 mark.
Mid term investors may bid for Hind Zinc at 124.35 in small quantities.
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