Tips for traders and investors in the Indian Stock Markets for December 9 2014.

As we had predicted in our previous post, the breakout did come and the support of 8256 too got breached which implies that there will be weakness in the immediate term with supports at 8417 which if breached will see the benchmark index gravitating towards 8229.

The intra-day traders may go short if the Nifty trades below 8435 with stop loss at 8472 to book profits at 8398.

The short-term traders may play it on the short side in case of a rise with stop loss at 8552. 

The mid-term investors may however consider selling the stocks owned by them in every rise in small quantities ie 10% of their holding each time the market goes up. As for the offer prices at which they should be sold, please write to us regarding the detail of the stocks you hold in your portfolio.  Kindly send the quantity and price at which you bought them. Much better, subscribe by email. It is free. 

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.