There seems to be a bit more of an
upside as the bulls seem not in a mood to give up trapping bears.
The intra-day traders may go long if the
benchmark index trades above 8175 with stop loss at 8160 and book profits around
8195 levels. However, if the index trades below 8106, then they may play it on
the short side and book profit at around 8085 levels.
The short-term traders may continue to
ride their long positions with stop loss at 8037. They may also consider going
long in ONGC with strict stop loss at 440.
Mid-term
investors may consider selling 10% of their holdings in each of HCL Tech at 1711.35,
Lupin at 1368.70 and Maruti at 2987.25.
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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