If the Nifty trades consistently above the 6205 mark then it will turn bullish with resistances at 6221, 6240 & 6262. Otherwise it will find supports at 6183, 6163 & 6144.
Intra day traders may trade accordingly depending on which side of 6205 mark the index trades after the initial hour.
Short term traders may continue to trade long with stop loss at 6104.
Mid term investors may bid Tata Motors as indicated in our previous post.
Intra day traders may trade accordingly depending on which side of 6205 mark the index trades after the initial hour.
Short term traders may continue to trade long with stop loss at 6104.
Mid term investors may bid Tata Motors as indicated in our previous post.
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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