The immediate support and any indication of hope for bulls in near term is at 8436 which if broken will see more selling coming in especially in the key stocks we have been recommending.
The intra-day traders may go long only if the nifty stays above the 8490 mark and book profit at 8531. They may short the Nifty below 8450 to book profit at 8436.
In case if 8400 is conclusively breached with volumes, we advise the short-term traders to short Nifty for the next target of 8256.
Mid-term investors may continue to sell their holdings in every rise and turn stocks to cash.
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.
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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