Tips for traders and investors in the Indian Stock Markets for September 10 2014.

The market continues in its optimistic and bullish mode with a bit of consolidation here and there though it remained inconclusive in the previous session. Chances of the benchmark index cooling of for a while cannot be ruled out.

The intra-day traders may go long if the benchmark index trades above 8156 in the wee hour of trade today and book profits around 8195 levels. However, if the index trades below 8135, then they may play it on the short side and book profits at around 8110 levels.

The short-term traders may exit their long positions in Nifty at around 8165. They may also consider going long in ONGC with strict stop loss at 440. They may also consider buying a Nifty 7800 Put of September series at around 6.95.

Mid-term investors may consider selling 10% of their holdings in each of HCL Tech at 1685.50, Lupin at 1382.25, Maruti at 2954.25 and Tata Motors at 520.05.

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