Markets July 23 2015

As stated in our previous post the market is absolutely dicey and may catch one unawares. It is precisely for this reason that we had advised the daily traders to be nimble footed and those who followed our advise mught have gained both in the fall and the rise of Nifty

The day traders may continue to be nible footed and grab whatever they get without any greed.

They may go long if Nifty trades above 8600 to book profit at 8632. They may go short if it trades below 8552 to book profit at 8528.

The short-term traders may go long with stop loss at 8550 for a possible target of 8668.

The mid-term investors may sell the key stocks at each rise unless the resistance of 8668 is conquered effortlessly in the wee hours of trade.

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.