As pointed out in our previous post, the
benchmark index did start to cool off. If the support of 8095 gets breached
conclusively in today’s trade then we are headed towards the next support which
is at 7969.
The intra-day traders may go long if the
benchmark index trades above 8105 with stop loss at 8090 and book profits around
8125 levels. However, if the index trades below 80, then they may play it on
the short side and book profits at around 8075 levels.
The short-term traders must have exited
the long positions as per our advice in our previous post. They may consider
going short with strict stop loss at 8120.
Mid-term
investors may consider selling 10% of their holdings in each of HCL Tech at 1678.75,
Lupin at 1379.10.25 and Maruti at 2957.85.
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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
F&O market and do not intend to benefit in any way by publishing this
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responsibility for any loss incurred by the reader.
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