The support of 7955 did hold after all and the benchmark index was back
with a bang.
The intra-day traders may go long if the Nifty trades above 8165 to book
profit around 8210. They may play it on the short side if the nifty trades
below 8140 to book profit at 8120.
The short-term traders may consider going long in case of dips.
The mid-term investors may consider buying Axis Bank at 467.90 in small quantities.
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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