The market seems to be very much in bullish trend inspite of the profit booking in the previous session because the profit booking- pressure of weak hands was not able to take out the support of 8105. However the markets are expected to be a bit weak on the opening bell.
The intraday traders may go long if the nifty trades above the 8175 mark to book profits at 8205. On the flip side they may short the Nifty if it trades below the 8150 mark to book profits at 8110.
The short-term investors may continue to go long on every weakness with stop loss at 7900.
The mid-term investors may try to book profits in case of strength in the market at the rates specified in our previous post.
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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