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.
The market is safe as long as the
benchmark index trades above 7582 although volatility has set in.
The intra-day traders may go long if the
benchmark index trades above 7716 mark with stop loss at 7690 and book profit
at around 7746. They may however, trade on the short side if the Nifty trades
below the 7690 mark in the wee hours of trade with stop loss at 7715 and book
profit at around 7654.
The short-term traders may continue to ride
their longs and may consider adding fresh long positions in Nifty in case of
intra-day weakness with stop loss at 7650. They are advised to hold on to the
Nifty 7700 and 7800 Calls of August series. They may also consider selling Nifty 7700 Put of August series at 193.65 and hedge it simultaneously by buying twice the number of Nifty 7500
Put of August series at 14.75.
Mid-term investors may consider buying
L&T at 1451.70 and ONGC at 376.95 in small quantities.
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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