The new support for Nifty is now at 8265 which if unbreached may see the benchmark index rise further towards the next resistance of 8501. With the settlement of the June 2015 F&O series on 25th of June, a word of caution is advised.
Traders may trade on the long side with stop loss at 8265.
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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