The market continues to be bullish and might stop for a breath if it happens to trade below the 8410 mark and consolidate somewhat with positive bias with immediate support at 8375 and 8336. However if it holds above the 8430 mark then one may expect yet another flare up with resistance at 8468.
The intraday traders may go long if it trades above 8430 mark with stop loss at 8415 to book profit at 8468. However below 8410 they may short the Nifty to book profit at 8375.
Short-term traders may continue to ride longs with stop loss at 8336.
Mid term investors may invest as per our advice in our previous post and the 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.
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