Nifty is again in bullish mode but the
fire power is lacking as the we approach the triple witching week, the
settlement of July series being on July 31. A little bit of caution is advised
as the index will consolidate and make new highs.
The intra-day traders may trade on the
long side with stop loss at 7738 and book profit at around 7788 and 7814.
The short-term traders may add long
positions and raise their stop loss to 7695.
Mid-term investors may stay away for a little
longer in the sidelines as no clear cut signal for buying for investment
purposes is coming. They are advised to wait and watch.
(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