The party in Dalal Street continues as
the benchmark index seems unrelenting. The market, however may become volatile
with deep cuts.
The intra-day traders may go long if the
benchmark index trades above 8092 mark in the wee hour with stop loss at 8070 and
book profits around 8111 levels. However, if the index trades below 8065, then they
may play it on the short side and book profit at around 8050 levels.
The short-term traders may continue to
ride their long positions raising the stop loss to 8007. They may also consider
selling a lot of Nifty 8200 Call of September series at 178.55.
Mid-term investors may consider buying Tata
Steel at 501.25.
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.
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
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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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