Tips for traders and investors in the Indian Stock Markets for January 9 2015.

The Nifty did bounce back indicating that support of 8068 did hold. However we are not out of the woods yet and this may only be considered as a relief rally unless and until the next resistance of 8372 is conquered with good volumes.

The intra-day traders may go long if the Nifty trades above 8215 to book profit around 8260. Otherwise they may play it on the short side to book profit at around 8190.

The short-term traders may consider adding long positions in the January series with strict stop loss at 8068. They may also consider booking profits in their longs at 8300.

The mid-term investors may consider buying Axis Bank at 493.15, and LIC Housing Finance at 443.85.

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.