The Nifty remained inconclusive
yesterday and chances of sharp and choppy swings can not be ruled out.
The intra-day traders may go long if the
nifty trades above the 7296 mark with stop loss at 7265 to book successive
profits at 7308 and 7342. However, if the nifty trades below the 7268 mark then
only they may open shorts with stop loss at 7278 to book successive profits at
7249, 7226 and 7198.
Short-term traders may square off all
their positions in Nifty.
Mid-term investors may bid for Bank of
Baroda at 905.55.
(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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