The Nifty continues to be in bullish mode showing quite a strength, even though it slipped down a bit in previous session. The next resistance is at 8150.
The intraday traders may go long in Nifty with stop loss at 7950 and book profit at 8002.
The short-term traders may go long even if there is weakness with stop loss at 7920 with a possible target of 8135.
The mid-term investors may continue buying Goldman Sachs Nifty ETF by placing bids at 794.90 and 783.45. They may also consider watching HDFC Bank as it is approaching a major resistance at 1070.
It may however be kept in mind that this is a truncated week on account of holiday on Friday the 25th and also that the settlement of September series is on 24th and therefore the market may be expected to be rather volatile.
It may however be kept in mind that this is a truncated week on account of holiday on Friday the 25th and also that the settlement of September series is on 24th and therefore the market may be expected to be rather volatile.
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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