The technicals indicate that the market is in a consolidation mode with bullish bias. The resistances today for the index are at 6253, 6292 & 6314 and supports are at 6192, 6170 & 6131.
Intraday-traders are advised to go short if the Nifty opens and trades below 6231 with stop loss at 6251. However, if it trades above then they may trade on the long side. Fresh longs will emerge above 6298.
Short-term traders may initiate trades on the long side if it trades conclusively above 6174 which may be treated as stop loss.
Mid-term investors are advised to offer 10% of their holdings in following stocks at the prices indicated
Coal India @ 307.85
HCL tech @ 1136.95
Tata motors @ 408.65
They may bid HDFC bank @ 649.05, Itc @ 311 & Tata motors @ 377.05, all 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.
Intraday-traders are advised to go short if the Nifty opens and trades below 6231 with stop loss at 6251. However, if it trades above then they may trade on the long side. Fresh longs will emerge above 6298.
Short-term traders may initiate trades on the long side if it trades conclusively above 6174 which may be treated as stop loss.
Mid-term investors are advised to offer 10% of their holdings in following stocks at the prices indicated
Coal India @ 307.85
HCL tech @ 1136.95
Tata motors @ 408.65
They may bid HDFC bank @ 649.05, Itc @ 311 & Tata motors @ 377.05, all 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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