As envisaged the Nifty did breakout from
the last four days trading band in favour of the bulls hitting new all time
high.
The intra-day traders may go long if the
Nifty trades above 8390 with stop loss at 8375 and book profit around 8434. However
if it trades below 8378, then they may play it on the short side and book
profits at around 8358.
The short-term traders may continue to
ride their longs in Nifty raising their trailing stop loss to 8358. In case of
further rise in Nifty they may consider adding Nifty puts at around 8485 plus levels
The mid-term investors may consider buying
Federal Bank at 141.05 and 131.10, LIC Housing Finance at around 400.95 and
Marico at 318.55; all these 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.
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