The only takeaway positive from the
previous session was that the support of 7581 remained un-violated on the
closing basis yesterday. However another session of weakness looks almost
certain although choppiness cannot be ruled out. It is again advised to stay
away for another day.
Intra-day traders may go long if the Nifty
trades above 7610 mark with stop loss at 7795 and book profit at 7638 and 7658.
However, if it trades below the 7572 mark then they may go short with stop loss
at 75600 to book profits at 7541.
The short-term traders may stay away for
the day.
Mid-term investors may wait and watch.
(Feel
free to write to us for our free advice regarding the stocks which you
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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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