The supports for today are at 6159, 6121 & 6040 and the resistances are at 6247, 6317 & 6345.
Unless the market trades above the 6219 mark, it will remain weak. Otherwise it will turn strong once again.
The intraday traders may trade on the short side with stop loss at 6250.
Short term traders too may open fresh shorts if Nifty trades conclusively below the 6174 mark with stop loss at 6250.
However if the market trades above 6281 mark then one may play on long side.
Mid term investors may bid Tata motors @ 358.05 and ITC @ 311.45.
They may offer 10% of their holdings in HCL Tech @ 1154.95.
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.
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