Tips for traders and investors in the Indian Stock Markets for December 24 2014.

The readers of this blog might have noticed how exact we had been in predicting the market and much in the predicted lines in our previous post, the Nifty being unable to conquer the resistance of 8372, turned totally deceptive and gave up all the gains in the wake of impending settlement of December F&O series on December 24 2014. But the structure of Nifty shall remain bullish for as long as it trades above 8115. As for the ensuing session, the Nifty must trade above 8268 for it to pull back, the upper bound being at 8322.

The intra-day traders may go long if the Nifty trades above 8268 to book profit around 8295. They may play it on the short side if the nifty trades below 8268 to book profit at 8224 and/or 8191.

The short-term traders may consider adding long positions in the January series with strict stop loss at 8115.

The mid-term investors may consider buying Axis Bank at 480.15, HDFC Bank at 938.15 and ITC at 370.15.

  

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.