The benchmark index must trade above the 6317 point conclusively to remain bullish in which case it will face resistances at 6330, 6346 and 6363. Otherwise it will consolidate further with bullish bias with supports at 6307, 6276 and 6265.
Intra-day traders may trade accordingly with stop loss for longs at 6300 and stop loss for shorts at 6325.
Short-term traders may continue riding their longs with stop loss at 6218.
Mid-term investors may consider buying Lupin at 882.65, Maruti at 1746.30 and Tata Motors at 374.95 in small quantities. They may also consider offering 10 % of their holdings in each of HCL Tech at 1483.05, HDFC Bank at 688.70 and Hindustan Zinc at 147.30 for today.
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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