Tips for traders and investors in the Indian Stock Markets for July 24 2014.

The Nifty continues to be in its bullish mode and will make new highs but in the wake of the settlement of July series, being on July 31, a little bit of caution is advised as sharp cuts in between cannot be ruled out. We advise that one may exit from all positions in July series and start trading in August 2014 series.

The intra-day traders may trade on the long side with stop loss at 7772 and book profit at around 7815 and 7839.

The short-term traders may add long positions and raise their stop loss to 7677.

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.