The settlement blues did seem to set-in
in second half of the previous session, the index gave up all its gains. We
repeat that this week will be truncated as the markets will remain closed on
Friday, August 29 on account of Ganesh Chaturthi. In the wake of these facts,
one may be prepared for wild swings in either direction.
The intra-day traders may go long if the
benchmark index trades above 7941 mark and book successive profits around 7955 levels.
However, if the index trades below 7926, then they may play it on the short
side and book profit at around 7895 levels.
The short-term traders may in case of
weakness today consider buying back the lot of Nifty 8000 Call of October
series that we had advised them to sell in an earlier post. They may also
consider going long in Nifty in September series, in case of weakness, with
stop loss at 7705.
Mid-term investors may consider buying
Gateway Distriparks at 240.90 and Tata Motors at 487.45 and 465.40 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.
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.
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