The market continues in its bullish mode
as we approach the day of settlement due on this Thursday. However, no matter
what we still advise all to trade with caution for which one must ride the bullish
upsurge with strict trailing stop loss.
The intra-day traders may go long if the
Nifty remains above 8151 with stop loss at 8123 and book profits around 8180. However
if it trades below the 8110 mark then they may short the nifty and book profit
at 8075.
The short-term traders may buy lots of Nifty
8400 puts of October series in case if the Nifty trades above the 8270. We had
recommended our followers to go long in Bank of Baroda and Tata Motors in
previous posts. They may consider exiting their positions in Bank of Baroda at 975.25
with stop loss at 920 and Tata Motors at 575.85 with stop loss at 520
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.
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
bought them. Much better, subscribe by email. It is free. And, what is more, we
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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