As suspected, the market did become
volatile in a tight range but our bullish support of 8092 held which implies
that a little more headway must be left.
The intra-day traders may go long if the
benchmark index trades above 8112 with stop loss at 8098 and book profits around
8135 levels. However, if the index trades below 8090, then they may play it on
the short side and book profit at around 8045 levels.
The short-term traders may continue to
ride their long positions raising the stop loss to 8022. In case of an upside,
they may also consider selling a lot of Nifty 8200 Call of September series at
138.55.
Mid-term
investors may consider selling 10% of
their holdings in each of Tata Motors at 537.5, HCL Tech at 1686.80, Lupin at
1333.45 and Maruti at 2960.85.
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have lost a lot of money in Capital markets due to their need to get rich
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excitement, over which they have no control. The sole intention of sharing this
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writers of this column do not personally hold any stock or position in the
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