Although the market is very much bullish
but the trend for the immediate term cannot be determined, the reason being
that the F&O market for the September 2014 series will expire on September
25 on this Thursday. Hence, the market can go in either direction.
The intra-day traders may go long if the
Nifty remains above 8139 in the opening 15 minutes of trade with stop loss at 8129
and book profits around 8155. However if it trades below the 8110 mark then
they may short the nifty and book profit at 8089.
The short-term traders may buy lots of Nifty
8400 puts of October series in case if the Nifty trades above the 8214. They
may go long in Tata Motors with stop loss at 515.
Mid-term investors may consider buying
Coal India at 332.20 in small quantity.
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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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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