The Nifty will continue to be weak if it trades below the 6095 mark in initial hour of trades with supports at 6045, 6019 & 5971. However if it trades above 6095 then the resistances are at 6119, 6167 & 6192.
The intraday traders may continue to trade on the short side with stop loss at 6113.
Short term traders may short at higher levels with stop loss at 6204. The intermediate target seems to be at 5942.
Mid term investors may consider buying Tata Steel @ 352.15. The stock has turned bullish and will remain so as long as it holds above 351. They may also bid Tata motors @ 372.6 & 361.1 in small quantities.
The intraday traders may continue to trade on the short side with stop loss at 6113.
Short term traders may short at higher levels with stop loss at 6204. The intermediate target seems to be at 5942.
Mid term investors may consider buying Tata Steel @ 352.15. The stock has turned bullish and will remain so as long as it holds above 351. They may also bid Tata motors @ 372.6 & 361.1 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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