On the Indian Stock markets. January 14.

The tipping point for the day is at 6260 above which the resistances are at 6311, 6349 and 6409. Otherwise the supports are at 6212, 6151 and 6113.

Intra-day traders may trade accordingly i.e. go long if the index trades above 6260 in the initial hour of trade with stop loss at  6250. However, below 6250 they may play on the short side with stop loss at 6265.

Short-term traders may continue to ride their longs if they had opened them yesterday in line with our advice and even add more longs if Nifty trades above 6310 with stop loss at 6180. otherwise they may book their longs around 6310 levels.

Mid-term investors may bid Lupin at 882.65 and Maruti at 1746.30 in small quantities. They may also offer 10% of their holdings in HCL tech at 1383.15.

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.