The Nifty seems to have broken out of
the current congested range it had been languishing in for the past few trading
sessions.
Intra-day traders may go long if the
Nifty trades above 7615 mark with stop loss at 7600 and book profits successively
at 7642 and 7675. However, if the benchmark index trades below 7588, then they
may short the Nifty with stop loss at 7601 to cover shorts at around 7566.
The short-term traders may go long with stop
loss at 7523 They may also consider going long on HCL Tech in case of weakness
in this counter with stop loss at 1462.
Mid-term investors may consider buying
Maruti at 2418.65 and ONGC at 414.05.
(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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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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