There are still no signs of the Nifty
giving up and another leg up seems imminent in near term albeit with a bit more
of consolidation if at all.
The intra-day traders may go long if the
nifty trades above the 7262 mark with stop loss at 7245 to book successive
profits at 7286 and 7325. However, if the nifty trades below the 7230 mark then
only they may open shorts with stop loss at 7245 to book successive profits at
7212 and 7175.
Short-term traders may go long if Nifty
weakens down a bit with stop loss at 7180 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 each
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.
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