As we had predicted, the Nifty is on a
down tick with the next support being at 7983.
The intra-day traders may go long only if
the benchmark index trades above 8096 with stop loss at 8090 and book profits around
8125 levels. However, if the index trades below 8076, then they may play it on
the short side and book profits at around 8057 levels.
The short-term traders may continue to
ride their short positions with strict stop loss at 8100. They may also
consider going long in Bank of Baroda if it trades above 924 with strict stop
loss at 918.
Mid-term
investors may consider selling 10% of their holdings in each of HCL Tech at 1671.40,
Lupin at 1342.95 and Maruti at 2948.65.
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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free to write to us for our free advice regarding the stocks which you
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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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