The market seems to have entered a temporary consolidation phase with a negative bias.
Intraday traders may go long if the benchmark index trades above the 6710 mark to book successive profits at 6718, 6730 & 6753 with stop loss at 6700. Otherwise they may play on the short side with stop loss at 6718 to book profits at 6683 & 6672.
Short-term investors may short the Nifty at higher levels with stop loss at 6888.
Mid-term players may bid for Bank of Baroda at 781.40 & 778.75 in small quantities.
(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.)
Intraday traders may go long if the benchmark index trades above the 6710 mark to book successive profits at 6718, 6730 & 6753 with stop loss at 6700. Otherwise they may play on the short side with stop loss at 6718 to book profits at 6683 & 6672.
Short-term investors may short the Nifty at higher levels with stop loss at 6888.
Mid-term players may bid for Bank of Baroda at 781.40 & 778.75 in small quantities.
(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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