Today being the settlement day, a spike
in either direction cannot be ruled out, though a bullish breakout seems
imminent.
Intra-day traders may go long if the
Nifty trades above 7582 mark conclusively with stop loss at 7570 and book profits
successively at 7604. However, if the benchmark index trades below 7560, then
they may short the Nifty with stop loss at 7575 to cover shorts at around 7540.
Short-term traders may continue to add long positions in the July series, in case of weakness with stop loss to 7495.
Mid-term investors may stay away from
the market today.
(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 them. 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.
No comments:
Post a Comment