The Nifty must trade above the 6287 mark to turn bullish again, in which case it will meet resistances at 6311, 6355 and 6378. Otherwise it will remain weak with supports at 6243, 6219 and 6175.
Intraday-traders may trade on the short side with strict stop loss at 6308.
Short-term traders may exit their longs.
Mid-term investors may may consider buying Lupin at 882.65, Maruti at 1746.30 and Tata Motors at 375.45 in small quantities.
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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