As expected and stated in our previous post, the Nifty did indeed exhibit a bullish undertone to close almost flat.
Our outlook for today's trades continues to be with bullish bias with resistances at 5926, 5936, 5967 & 6023.
However if the Nifty trades below the 5881 mark then it may slide down to supports of 5850, 5795 & 5674.
Intraday traders and short term traders may trade on the long side with strict stop loss at 5858.
Mid term investors may bid Hind Zinc at 124.85 & offer 10% of tbeir total holdings of HCL Teck at 1161.25.
Our outlook for today's trades continues to be with bullish bias with resistances at 5926, 5936, 5967 & 6023.
However if the Nifty trades below the 5881 mark then it may slide down to supports of 5850, 5795 & 5674.
Intraday traders and short term traders may trade on the long side with strict stop loss at 5858.
Mid term investors may bid Hind Zinc at 124.85 & offer 10% of tbeir total holdings of HCL Teck at 1161.25.
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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