The Nifty did manage to hold above the support of 8213 and bounced back from the 8337.95 mark. Whether the bounce back was merely a short-covering or an attempt by the bulls to take command will be clear if the Nifty holds above the 8411 mark which is a key support for the short term. If it, however manages to conquer the resistance of 8552, then it may head towards 8668.
The intra-day traders may trade on the long side to book profit at 8550 with stop loss at 8470.
The short-term traders may short the index if the support of 8411 gets breached. They may go long if the nifty trades conclusively above 8525 with good volumes with stop loss at 8510.
The mid-term investors may sell the key stocks on every rise.
Your blog information is very helpful to traders, you are providing Live Nifty Tips On The Web..
ReplyDeleteMCX Live Tips