The settlement day of May series has
finally arrived and we see a breakout coming, which may be in the form of a
wild swing, the direction not being clear.
With that in mind, the intra-day traders
may go short if the Nifty trades below the 7315 mark with stop loss at 7325 to
book profits at 7283 and 7268. However if it trades above the 7332 mark then
they may go long with stop loss at 7325 to book profit at 7369 and 7420.
Short-term traders may stay away today
and just watch.
Mid-term investors may bid for Bank of
Baroda at 847.85.
(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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