We had seen a down slide coming and had pointed it in our previous post. The Nifty did weaken down to 6656.
The sentiment will continue to be subdued in today's session unless the index trades above 6735 with good volumes.
Intra-day traders are advised to go long if Nifty trades above 6735 with stop loss at 6711 to book successive profits at 6765 & 6785. They may short Nifty if it trades below the 6679 mark with stop loss at 6711 to book profits at 6645 & 6625.
Short-term traders may continue to play on short side with stop loss at 6888 to book profits at 6625.
Mid term investors may consider buying Bank of Baroda at 793.15 & 778.25 and Tata Motors at 400.10 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.)
The sentiment will continue to be subdued in today's session unless the index trades above 6735 with good volumes.
Intra-day traders are advised to go long if Nifty trades above 6735 with stop loss at 6711 to book successive profits at 6765 & 6785. They may short Nifty if it trades below the 6679 mark with stop loss at 6711 to book profits at 6645 & 6625.
Short-term traders may continue to play on short side with stop loss at 6888 to book profits at 6625.
Mid term investors may consider buying Bank of Baroda at 793.15 & 778.25 and Tata Motors at 400.10 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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