The resistance of 7393 did get conquered
signifying that bulls are back.
Short-term traders may go long if the
Nifty trades above 7400 with stop loss at 7390 and book successive profits at
7440 and 7470. However, if the benchmark index trades below 7485 then they may
go short with stop loss at 7400 to book profits at 7365 and 7300.
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 858.30, Coal India at 377.45.
(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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