The Nifty will continue to be weak unless it trades above the 8697 mark, in which it will meet resistance at 8722.
The day traders may trade accordingly and the short-term traders may continue to ride their shorts and in case of a a rise, they may add more short positions with stop loss at 8846.
Mid term investors may consider going long in Gateway Distriparks with stop loss at 426.
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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