There is a little more headroom left for
the bulls with Nifty touching 8485 levels in all likelihood.
The intra-day traders may go long if the
Nifty trades above 8405 in the initial moments of trading to book profit around
8465. However if it trades below 8383, then they may play it on the short side and
book profits at around 8365.
The short-term traders may continue to
ride their longs raising the trailing stop loss to book profit in their long positions
in Nifty somewhere in the range 8380.
The mid-term investors may consider
exiting Bank of India at 298.35 and buy Bank of Baroda instead at 1020.05 and
Marico at 318.55; all these stocks in small quantities.
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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
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losses.
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writers of this column do not personally hold any stock or position in the
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