Tips on trading strategies for April 9 2015

It was bulls eye yet again as the Nifty met resistance at 8730.5. We had advised the intraday traders to go long and book profits at 8727 in our previous post.

The intraday traders are advised to go long if the Nifty trades above the 8717 mark with stop loss at 8700 and book profits at 8753 or 8787 as the case may be.

The short-term traders may ride their longs raising their stop loss to 8566. They may exit all their longs at 8787.

 Mid term investors may continue to bid as per our weekly post.

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