We remind the followers of this blog
that the markets will remain closed on October 23 2014 & October 24 2014.
However, the stock markets will open for trading on October 23 2014 in a
special session for 75 minutes from 6.15 pm to 7.30 pm.
The intra-day traders may go long if the
Nifty trades above 7898 with good volumes in which case they may book profit around
7929 or 7948. However if it trades below 7887, then they may play it on the short
side and book profits at around 7850.
The short-term traders may add short
positions if the index goes up to 7875 + levels with strict stop loss at 7993.
The mid-term investors may watch Tata
Motors closely and if it reverts from here on, then one may consider exiting it
to add more at sub 400 levels. They may consider selling 10% of their holdings
in Maruti at 3176.75.
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