A breakout from the last four days
trading band seems likely in the immediate term; the direction of the move cannot
be predicted but chances in favour of bulls cannot be ruled out.
The intra-day traders may go long if the
Nifty trades above 8356 with stop loss at 8340 and book profit around 8402. However
if it trades below 8332, then they may play it on the short side and book
profits at around 8297.
We had been recommending the followers
of this blog especially the short-term traders to go long in Bank of Baroda.
They may ride it for a target of around 1048 raising their trailing stop loss
to 998.
The mid-term investors who bought Marico on our recommendation might already be running into huge profit. They may consider buying
Federal Bank at 141.05 and 131.10 and LIC Housing Finance at around 386.45,
both stocks in small quantities.
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.
No comments:
Post a Comment