Now that the holidays are out of the
way, a clear picture of the intermediate trend will emerge in the next few
sessions. However, new all time highs cannot be ruled out in the immediate trend.
The intra-day traders may go long if the
Nifty trades above 8333 with stop loss at 8320 and book profit around 8367. However
if it trades below 8311, then they may play it on the short side and book
profits at around 8277.
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 LIC
Housing Finance to their portfolio at around 372.80 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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