The bulls came back in the previous sessions yet one may be cautious in
trading in the wake of the impending settlement on December 24 2014 and a
truncated week on account of holiday on December 25 2014. That being said, the
Nifty will remain bullish for as long as it trades above 8075.
The intra-day traders may go long if the Nifty trades above 8245 with
stop loss at 8232 to book profit around 8283. They may play it on the short
side if the nifty trades below 8225 with stop loss at 8232 to book profit at 8205.
The short-term traders may consider going long in case of dips with stop
loss at 8150.
The mid-term investors may consider buying Axis Bank at 470.55 and Bank
of Baroda at 1018.25.
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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