The undercurrent is clearly bullish but the stock participation
is not wide enough. Yet there seems to be a bit more of headroom left in the
benchmark index.
The immediate trend of the market though bullish, depends much
upon whether the Nifty opens and trades above the 6770 mark in the initial hour.
Intra-day traders may go long if the Nifty trades above the 6770
mark to book successive profits at around 6844 and 6875. Otherwise they may
play on the short side for twenty odd points.
Short-term traders may go long even if Nifty weakens in the
session with stop loss at 6710.
Mid-term investors may utilize any up-side to rid their portfolio
of non-performers.
In case
of weakness, they may consider buying Ambuja Cement at 203.15 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.
No comments:
Post a Comment