The technical indicators suggest that
there might be a little more upside in the offing.
The intra-day traders may go long if the
benchmark index trades above 7775 mark with stop loss at 7760 and book profit
at around 7795 levels. However, if the index trades below 7760, then they may
play it on the short side and book profit at around 7738.
The short-term traders may continue to hold
long positions with stop loss at 7735.
Mid-term investors may consider buying Coal
India at 340.55, ONGC at 376.95 HDFC Bank at 768.55 and Tata Steel at 523.65 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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