The intraday traders may go long if the index trades above the 7849 mark with stop loss at 7830 and book profit around 7910.
The short-term traders may consider going long if the resistance of 7880 is conquered on closing basis for a possible target of 8150.
Mid-term investors may bid for Goldman Sachs Nifty ETF at 785.25 and offer Marico at 434.10 and 447.95.
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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