The Nifty remained inconclusive in the previous session as it closed at 8433.4, which happens to be the very tipping point for today's session. Chances of another weak session cannot be ruled out.
Intraday traders may go long only if the Nifty trades above the 8450 mark in the initial hours and book profit at 8483 with stop loss at 8435. They may short the Nifty if it trades below 8425 to book profits at 8403.
The short-term traders may build long positions in case of weakness with stop loss at 8345.
The mid term investors may follow our advise as pointed out 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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