The Nifty behaved quite in expected
lines as we had predicted in our previous post and once it had conquered the
resistance of 7275, there was no looking back. However, it may not be construed
that the bulls are back and we are out of the woods till the next resistance,
which is at 7393, gets conquered.
With that in mind, the intra-day as well
as short-term traders may continue to ride their longs with stop loss at 7274
and get out around the 7393 levels. However, if the 7393 level is conquered
conclusively, then they may add fresh longs. But if the Nifty breaches the
support of 7274, then they may open shorts.
Mid-term investors may consider adding
HCL Tech at 1332.05.
(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
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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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