The bullish trend continues undeterred
with there being a little more upside yet to come. The intra-day traders may go
long if the Nifty trades above 8436 with stop loss at 8429 to book profit around
8462. However if it trades below 8418, then they may play it on the short side with
stop loss at 8429 and book profits at around 8390.
The short-term traders may continue to
ride their longs raising the trailing stop loss to 8385 to book profit in their
long positions in Nifty somewhere in the vicinity of 8485.
The mid-term investors may consider
exiting Bank of India at 300.35 and buy Bank of Baroda instead at 1046.55, LIC
Housing Finance at 413.90 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
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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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