The intra-day traders may consider going long in Nifty only if it trades above the 8770 mark to book profit at 8835. On the flip side, if the Nifty goes below the 8700 mark, they may short the index to book profits at 8675.
The short-term investors may short around the the index in case of a rise with strict stop loss at 8795.
Mid term investors may bid as per our advice in our previous 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. 
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