The markets remained inconclusive in the previous session much in line with our analysis wherein we had pointed out that it will be bullish above 6735 & bearish below 6679. It however hovered in the range 6737 to 6689.
Our outlook for today continues to be on the weaker side with 6624 as the target.
Intraday traders may go long if nifty trades above the 6709 mark with good volumes in the opening hour of trade to book successive profits at 6718, 6735 & 6768 with stop loss at 6705. Otherwise they may play it on the short side to book profits at 6679 & 6660.
Short-term players may short the market at higher levels with stop loss at 6888.
Mid-term investors may bid Bank of Baroda in small quantities at 778.75.
(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)
Our outlook for today continues to be on the weaker side with 6624 as the target.
Intraday traders may go long if nifty trades above the 6709 mark with good volumes in the opening hour of trade to book successive profits at 6718, 6735 & 6768 with stop loss at 6705. Otherwise they may play it on the short side to book profits at 6679 & 6660.
Short-term players may short the market at higher levels with stop loss at 6888.
Mid-term investors may bid Bank of Baroda in small quantities at 778.75.
(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)
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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