The Nifty is once again in the grip of
the Bulls and is likely to continue hitting all time highs from time to time.
The intra-day traders may go long if the
Nifty trades above 8330 with stop loss at 8310 and book profit around 8365. However
if it trades below 8300, then they may play it on the short side and book
profits at around 8270.
The short-term traders may consider going
long in Ambuja Cement with strict stop loss at 224 and Bank of Baroda with stop
loss at 915.
The mid-term investors may consider selling
all the non-performers in their portfolio. They may also consider adding LIC
Housing Finance at 350.65, Federal Bank at 139.25 and Marico at 304.65 to their
portfolio 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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