The Nifty showed a bit of strength in the previous session and if in case it does not breach the immediate support of 8360, it may safely be assumed that an intermediate bottom has been made at 8269.15 and the Nifty will at best consolidate with a bit of an upward bias. The next resistance will be at 8585. 8627 and 8794.
The intra-day traders may consider going long in Nifty with stop loss at 8450 to book profits at 8535 and 8585 as the case may be.
The short-term trader may play it on the long side with stop loss at 8350.
The mid term investors may consider buying Idea Cellular at 174.80 and 164.90 in small quantities.
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
The blog is amazing , you are always providing wonderful free commodity tips, stock tips.
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Thanks Priya Agarwal.
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