Our outlook continues to be negative with key support at 5973.
However, the direction of trades today will largely be decided on the basis of which side of the 6061 mark the benchmark index trades with good volumes with immediate resistances at 6095, 6117 and 6151 and supports at 6039, 6005 and 5984.
The intraday traders may trade accordingly with stop loss for longs at 6141 and stop loss for shorts at 6115.
The short term traders may cover those short positions, they might have taken yesterday as per our advise, at lower levels.
Mid-term investors may sell 10% of their holdings in HCL Tech at 1487.4.
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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