The Nifty behaved very much in the expected lines in our previous post. We expect further weakness, if the immediate support of 7937 is broken, in which case it will drift down to 7844.
The intraday traders are advise to play it on the short side with stop loss at 7976 to book profits at 7925.
The short-term traders may continue to ride their longs with the possible targets of 7882.
The mid-term investors may consider buying LICHSGFIN at 438.90, Lupin at 1795.95, Nifty ETF at 796.05 and Zee entertainment at 390.85
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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