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.
We are clearly in an intermediate short
term bearish trend with the lower bound being at 7784. The first support is
expected to be at 7899.
The intra-day traders may go long if the
Nifty trades above 7961 mark for some time with good volumes and book profits around
7990. However if it trades below the 7944 mark for some time with good volumes,
then they may play on the short side and book profit at 7929.
The short-term traders may open fresh shorts
in case of an upside with stop loss at 8038.
Mid-term investors may consider selling
10% of their holdings in each of HDFC Bank at 899.90 and HCL Tech at 1801.45.
They may also consider adding Coal India at 347.55.
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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