There seems to be a bit more of headroom
for the benchmark index although it may consolidate in the immediate term with
a bit of negative bias.
The intra-day traders may go long only if
the nifty trades above the 7295 mark with stop loss at 7278 to book successive
profits at 7330 and 7348. However, if the nifty trades below the 7250 mark then
they may open shorts with stop loss at 7288 to book successive profits at 7230
and 7191.
Short-term traders may square off their
longs around 7398 and start taking short positions. They may also go long in
Bank of India with stop loss at 291.20.
Mid-term investors may bid for Bank of
Baroda at 905.55, Ambuja Cement at 210.85 and Tata Motors at 427.45 in small
quantities and continue selling the non performers in their portfolio in every
rise.
(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.
No comments:
Post a Comment