The bulls seem to be in no mood to give
up as is evident from the bounce up in the last trading hours in the previous
trading session on Friday last.
The intra-day traders may go long if the
Nifty trades above 8394 with stop loss at 8379 and book profit around 8432. However
if it trades below 8370, then they may play it on the short side and book
profits at around 8236.
The short-term traders may book profit
in their long positions in Nifty somewhere in the range 8430 to 8465. In case
of further rise in Nifty they may consider buying Nifty puts if Nifty trades around 8490 levels.
The mid-term investors may consider buying
Federal Bank at 136.05, LIC Housing Finance at around 397.65 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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