Tips for traders and investors in the Indian Stock Markets for December 26 2014.

Much as we had expected, the settlement blues did set in dragging the benchmark index down in an otherwise bull market. The silver lining is in the fact that the support of 8115 remained un-breached. However, the traders and investors must look out for the support of 8115, which if breached will see the Nifty gravitate towards the 7955 mark.

The intra-day traders may go long if the Nifty trades above 8205 to book profit around 8284. They may play it on the short side if the nifty trades below 8165 to book profit at around 8124/ 8115.

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 and HDFC Bank at 938.15.

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.