The daily traders who followed our previous post must have gained in the previous session by both going long when the nifty traded above 8190 in the wee hours and booked profit at 8240 and then when it slid below 8125, they must have gone short and booked profit at 8098.
The day traders may go long if the Nifty trades above 8218 to book profit at 8263 or 8290 as the case may be. They may go short if it trades below 8168 to book profit at 8125.
As for the short-term traders, the Nifty is still not out of the woods and so they may add further short positions in case of rise with stop loss at 8535.
The mid-term investors may continue bidding as per our advise in 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
No comments:
Post a Comment