The market will weaken further with supports at 6073, 6046 & 5999 if it fails to trade conclusively above the 6124 mark in the initial hour of trade. Otherwise ie if it trades above 6124 mark in opening hour trades then it may go up north with resistances at 6148, 6196 & 6223.
Intraday traders may trade on the short side with stop loss at 6143.
Short term traders may buy Nifty 6200 calls of November series if Nifty falls below 6025 with stop loss around nifty levels of 5982.
Mid term investors may take advantage of weakness on account of settlement blues and bid HCL tech @ 987, Tata Motors @ 365.05 & 354.15 and Itc @ 320.85 & 311.05 in small quantities.
Intraday traders may trade on the short side with stop loss at 6143.
Short term traders may buy Nifty 6200 calls of November series if Nifty falls below 6025 with stop loss around nifty levels of 5982.
Mid term investors may take advantage of weakness on account of settlement blues and bid HCL tech @ 987, Tata Motors @ 365.05 & 354.15 and Itc @ 320.85 & 311.05 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.
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