The Nifty closed flat after sliding down
which was quite in expected lines due to the impending settlement tomorrow.
Otherwise, the index in particular and the market in general is very much in
bullish mode.
The intra-day traders may go long if the
benchmark index trades above 7928 mark and book successive profits around 7947 levels.
However, if the index trades below 7881, then they may play it on the short
side and book profit at around 7855 levels.
We presume that the short-term traders following
our advise might have raked in quite a profit by buying back the lot of Nifty
8000 Call of October series that we had advised them to sell in an earlier
post.
In case of weakness they may consider adding
long positions 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.
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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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