The undertone continues to be bullish. If the index trades above 6268 mark in the opening hour, then the nifty will go up north with resistances at 6290, 6328 & 6352. Otherwise it will weaken further with supports at 6230, 6206 & 6169.
Intra-day traders may trade accordingly with stop loss for shorts at 6305 & for longs at 6258.
Short-term traders may add long positions at lower levels with stop loss at 6165.
Mid-term investors may offer 10% of their holdings in Hcl tech @ 1139.95, 10% of holdings in Hdfc bank @ 704.95 & 10% of their holdings in Tata motors @ 414.95.
Intra-day traders may trade accordingly with stop loss for shorts at 6305 & for longs at 6258.
Short-term traders may add long positions at lower levels with stop loss at 6165.
Mid-term investors may offer 10% of their holdings in Hcl tech @ 1139.95, 10% of holdings in Hdfc bank @ 704.95 & 10% of their holdings in Tata motors @ 414.95.
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.
No comments:
Post a Comment