Today being the day of settlement of October series, the index may turn erratic.
That being said, if the Nifty trades above the 6247 mark then it will go up a bit more with possible resistances at 6273, 6294 & 6320. Otherwise it will find supports at 6226, 6200 & 6179.
Intraday traders may trade accordingly with stop loss for long trades at 6145.
Short term traders may buy nifty 5800 puts if nifty trades at above 6324 & buy nifty 6200 calls if nifty drops down below 6155.
Mid term investors may sell the non performing stocks in their portfolio if Nifty remains strong. The may also place their bids and offers at prices mentiioned in our previous post.
That being said, if the Nifty trades above the 6247 mark then it will go up a bit more with possible resistances at 6273, 6294 & 6320. Otherwise it will find supports at 6226, 6200 & 6179.
Intraday traders may trade accordingly with stop loss for long trades at 6145.
Short term traders may buy nifty 5800 puts if nifty trades at above 6324 & buy nifty 6200 calls if nifty drops down below 6155.
Mid term investors may sell the non performing stocks in their portfolio if Nifty remains strong. The may also place their bids and offers at prices mentiioned 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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