The positive take away from previous session was that although the Nifty went below the key support of 8331 yet it closed at 8339.35. with settlement of the F&O series tomorrow, caution is advised as the Nifty becomes more erratic. The immediate support continues to be at 8331.
The daily traders may go long if the Nifty trades above 8346 and book profit at 8365. However below 8331, they may short the Nifty and cover around 8313.
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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