The markets will remain closed on
October 23 2014 & October 24 2014 resulting in reduced days of the October
series of F&O and therefore on account of a truncated week the benchmark
index may turn volatile with sharp ups and downs. Otherwise the Nifty will
continue to be in its bearish mode.
The intra-day traders may go long if the
Nifty trades above 7887 with good volumes and book profits around 7904. However
if it trades below 7868, then they may play it on the short side and book
profits at around 7835.
The short-term traders may add short
positions if the index goes up with stop loss at 7993.
The mid-term investors may wait and watch.
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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