The market continues to be strong headed
towards new highs in near term.
Short-term traders may go long if the
Nifty trades above 7442 in the initial hour of trade today with stop loss at 7430
and book profits at 7498. However, if the benchmark index trades below 7425
then they may go short with stop loss at 7440 to book profits at 7395.
Short-term traders may continue to ride
longs and add further positions with stop loss at 7410.
Mid-term investors may consider adding Bank
of Baroda at 862.55 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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