The benchmark index must trade above the 6339 mark conclusively for it to remain bullish in today’s trading session in which case it will face resistances at 6365, 6383 and 6405. Otherwise it will consolidate further with bullish bias with supports at 6322, 6300 and 6283.
Intra-day traders may trade accordingly with stop loss for longs at 6328 and stop loss for shorts at 6345.
Short-term traders may continue riding their longs and even add more and raise their stop loss to 6225.
Mid-term investors may consider buying Lupin at 882.65, Maruti at 1746.30 and Tata Motors at 375.45 in small quantities. They may also consider offering 10 % of their holdings in each of HCL Tech at 1464.50, HDFC Bank at 691.15 and Tata Steel at 398.35 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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