If the index opens and trades above the 6280 mark in the initial hours of trade then it will show a little more of an upside move with resistances at 6326, 6355 & 6399. Otherwise it will go down south with supports at 6255, 6208 & 6180.
Intra day traders may trade accordingly with stop loss at 6255 for trades on long side.
Short term traders may ride their longs with stop loss at 6255. They may also buy Nifty 5800 puts of November series if Nifty trades above 6350.
Mid term investors may see our previous post and act accordingly.
Intra day traders may trade accordingly with stop loss at 6255 for trades on long side.
Short term traders may ride their longs with stop loss at 6255. They may also buy Nifty 5800 puts of November series if Nifty trades above 6350.
Mid term investors may see our previous post and act accordingly.
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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