The Nifty behaved pretty much in expected lines and but for the settlement week, if it trades above 7929, then another bull run is very much in the cards with resistance at 8036.
The intraday traders may go long with stop loss at 7900 to book profits at 7949. Otherwise they may short Nifty to cover at 7880.
The short term traders may go long in January series with stop loss at 7800.
Mid term investors may continue selling the key stocks at the prices we had given in our weekly 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.
• DLF to raise Rs11,250 crore from promoters and a further Rs3,500 crore, in one or more tranches, by way of a public issue, a private placement or a QIP. The entire funds will be primarily used to reduce DLF’s debt.
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