The Nifty turned weak in the previous session and those who shorted Nifty as per our advise in our previous post might have made handsome profits.
Since this is the settlement week nothing can be said about market in definite terms. However, if the support of 8331 holds then one may expect a bit of consolidation with a positive bias. If the Nifty trades above the 8395 mark then the intra-day traders may consider going long to book profits at 8438. However, if it trades below 8331 then they may short the market to book profit at around 8282 mark.
The short-term traders and mid-term investors may trade according to our advise as stated 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.
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