All the technical indicators suggest a continuation of bullish undertone. That being said if the Nifty trades above 6308 in the initial trades then there will be a bit of upside with resistances at 6330, 6355 and 6377. However, if below 6308, the market will soften a bit with supports at 6285, 6263 and 6239.
The intra-day traders may trade accordingly with stop loss for longs at 6268.
The short-term traders may continue to ride their longs and may consider adding yet fresh longs in case of weakness with strict stop loss at 6214.
The mid-term investors may consider pruning their portfolio of all those stocks that have not performed in the recent bull run. Feel free to write to us in case you want to know the offer price at which you may exit such non-performers giving us the name of stock along with the price at which you had bought it.
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