The Nifty did manage to finally close
above the 7726 mark though after a lot of consolidation and volatility. Hence it continues to remain inconclusive though it might go up a
little more.
The intra-day traders may go long if the
benchmark index trades above 7730 mark with stop loss at 7720 and book profit
at around 7765 levels. However, if the index trades below 7693, then they may
play it on the short side and book profit at around 7672.
The short-term traders may continue to hold
long positions with stop loss at 7693 them for today’s session.
Mid-term investors may consider buying Coal
India at 340.55, ONGC at 376.95 HDFC Bank at 768.55 and Tata Steel at 521.40 in
small quantities.
A lot of
people have lost a lot of money in Capital markets due to their need to get
rich quickly and their innermost desire to gamble, to feel the consequent
emotional excitement, over which they have no control. The sole intention of
sharing this link is to guide such people by helping them in minimising their
losses.
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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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