The charts indicate a few sessions of
consolidation with a positive bias; the intermediate support being at 7965.
The intra-day traders may go long if the
benchmark index trades above 8095 with stop loss at 8082 and book profits around
8123 levels. However, if the index trades below 8066, 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 with stop loss at 8022. In case of an upside, they
may also consider selling a lot of Nifty 8200 Call of September series at 95.25.
Mid-term
investors may consider selling 10% of their holdings in each of Tata Motors at
522.35, HCL Tech at 1693.70, Lupin at 1360.55 and Maruti at 2960.25.
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people have lost a lot of money in Capital markets due to their need to get
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emotional excitement, over which they have no control. The sole intention of
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losses.
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