In spite of the settlement pressure on
the benchmark index, the Nifty is not giving up and the bulls are certainly in
no mood to back step.
The traders are once more reminded that they
may trade in the June series.
The intra-day traders may go long if the
nifty trades above the 7335 mark conclusively with stop loss at 7321 to book profit
at 7355 and 7380. However, if the nifty trades below the 7301 mark then they
may open shorts with stop loss at 7321 to book profits at 7268. Short-term
traders may go long if it weakens down to around 7275 with strict stop loss at
7268. They may open short positions if the support of 7268 is breached.
Mid-term investors may bid for Bank of
Baroda at 905.55.
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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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