There seems to be a little more space on
the upside for the bulls but our analysis suggests that one might as well start
buying Nifty puts once it starts hitting 8485 plus levels.
That being said, the intra-day traders may
go long if the Nifty trades above 8352 with stop loss at 8340 and book profit around
8385. However if it trades below 8339, then they may play it on the short side and
book profits at around 8300.
The short-term traders may consider going
long in Global Distriparks with strict stop loss at 280 and L&T with stop
loss at 1630.
The mid-term investors may consider selling
all the non-performers in their portfolio. They may also consider adding Lupin to
their portfolio at around 1342.35 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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