The index will continue to remain weak today with supports at 6120, 6077 & 6011 unless it trades conclusively above the 6187 mark in the initial hour of trades. However, if it trades above 6187 mark then it will be bullish with resistances at 6230, 6296 & 6340.
Intra day traders are advised to get out of the October series and start trading in November series. They may go short if Nifty trades below 5187 with stop loss at 6210.
Short term traders too are advised to get out of October series. They may accumulate long positions in November series at lower levels with stop loss at 6110.
Mid term investors may bid Tata Motors at prices indicated in our previous post. They may also bid HCL Tech at 971.85. They may offer 10% of their holdings in HDFC Bank at 697.95.
Intra day traders are advised to get out of the October series and start trading in November series. They may go short if Nifty trades below 5187 with stop loss at 6210.
Short term traders too are advised to get out of October series. They may accumulate long positions in November series at lower levels with stop loss at 6110.
Mid term investors may bid Tata Motors at prices indicated in our previous post. They may also bid HCL Tech at 971.85. They may offer 10% of their holdings in HDFC Bank at 697.95.
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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