The Nifty ended in the green at the
highest point in the previous session. The technical charts suggest the return
of bulls for at least a day or two. One may expect trades with optimistic bias.
Intra-day traders may go long if the Nifty
trades above 7725 mark with stop loss at 7700 and book profit at 7785. However,
if the benchmark index trades below 7695, then they may short the Nifty with
stop loss at 7725 to cover shorts at around 7690 and 7677.
The short-term traders may trade on the
long side with stop loss at 7698. They may also consider buying Nifty 7800 puts
of July 2014 at 121.15.
Mid-term investors may consider buying
Coal India at 388.15 and ONGC at 415.25.
(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