The market will continue to be weak even if it might show a few flash-ups here and there owing to the settlement of the November F&O series which is due on November 26 2015. It may also be kept in mind that the market will remain closed on November 25 2015.
The intra-day traders may go long if the Nifty trades above 7885 to book profit at 7910. They may however, short Nifty if it trades below 7850 mark to book profits at 7790.
The short-term traders may square off all their positions in Nifty November series and may consider going long in December series in case of weakness with strict stop loss at 7790.
The mid-term investors may consider selling HDFC Bank at 1148.55 and LIC HSG Fin at 533.70 in case if these two rise. They may consider buying Goldman Sachs Nifty ETF at 791.05 & 780.65.
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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