A little leg up seems possible in the
immediate term with the bullish structure being intact.
Short-term traders may go long if the
Nifty trades above 7417 with stop loss at 7390 and book successive profits at
7430 and 7450. However, if the benchmark index trades below 7390 then they may
go short with stop loss at 7410 to book profits at 7384 and 7367.
Short-term traders may continue to ride
longs and add further positions with stop loss at 7290.
Mid-term investors may consider adding Bank
of Baroda at 860.75 and Coal India at 377.85.
(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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