We presume that the intraday and short
term traders must have exited all their positions as advised by us.
The Nifty is not giving up and is all
set up to rise further but this being the triple witching week as the
settlement of the May F&O series is due on May 29, we advice that no
further positions need be taken in the current series and the followers of this
blog are advised to start taking positions in the June series.
The intra-day traders may go long if the
nifty trades above the 7350 mark conclusively with stop loss at 7335 to book profit
at 7395. However, if the nifty trades below the 7325 mark then only they may open
shorts with stop loss at 7350 to book profits at 7302.
Short-term traders may go long if it
weakens.
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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