The readers of this blog must have noticed that Nifty behaved pretty much in expected lines and being unable to stay above 8070, as we had stated in our previous post, selling emerged before it closed on uncertain ground.
As for today, if the Nifty stays above 8075 mark then one may gp long to book profit at around 8122. If it stays below the 8025 mark then they may short the Nifty to book profit at 7995.
Short term traders may add fresh short positions if the Nifty goes up north.
Mid term investors may capitalize on the current melt down and bid for Axis Bank at 509.35, HDFC Bank at 912.85 and Tata Motors at 470.85 all in small quantities.
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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