With settlement on Thursday, chances of increased volatility cannot be ruled out in the ensuing session on Wednesday.
If the nifty trades above 7935 then the intra-day traders may go long to book profit at 7980. Otherwise if it trades below 7920, they may short nifty to cover it at 7905 or 7885 as the case may be.
The short-term traders may ride longs raising their stop loss to 7813.
Mid-term investors may sell 10% of their holdngs in each of HDFC Bank at 1089.95, LIC Housing at 526.25, Goldman Sachs Nifty ETF at 806 and ZEE at 424.55.
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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