But for a hiccup in the previous trading
session, the technical parameters indicate that there is a little more upside
to the benchmark index. Even if it goes down a bit more we see consolidation with a positive bias for as long as it trades above 7686.
The intra-day traders may go long if the
benchmark index trades above 7900 mark and book successive profits around 7916 levels.
However, if the index trades below 7885, then they may play it on the short
side and book profits at around 7861 levels.
The short-term traders may continue to hold
long positions and even add to their long positions raising their trailing stop loss to 7787.
Mid-term investors may consider buying
Gateway Distriparks at 240.90 and Tata Motors at 486.95.
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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writers of this column do not personally hold any stock or position in the
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