The immediate trend of the market will remain bullish, but the
intraday- trading depends on which side of the 6800 mark the Nifty opens and trades
in the initial hour.
Intra-day traders may go long if the Nifty trades above the 6800
mark to book successive profits at around 6820, 6842 and 6855. Otherwise they
may play on the short side with targets of 6775, 6750 and 6732.
Short-term traders may continue to go long even if Nifty weakens
in the session with stop loss at 6714.
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 204.85 in small
quantities. They may also consider buying L&T in small lots at 1282.35.
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