The Nifty will continue to be weak as it
gyrates towards the key support of 7382 although the intensity of fall might decrease.
Intra-day traders may go long if the Nifty
trades above 7460 with stop loss at 7445 and book profit at 7485. However, if
it trades below the 7443 then they may go short with stop loss at 7455 to book
profits at 7424.
The short-term traders may ride their
shorts and even add more shorts in case of strength with stop loss at 7660.
Mid-term investors must wait and watch.
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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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