If the Nifty trades above 7446 then the intra-day traders are advised to go long with stop loss at 7425 and book profit at 7485. However, if it trades below 7434 then they may short Nifty to book profit at 7403.
The short-term traders may consider adding fresh long positions in Nifty with stop loss at 7335.
The mid term investors may go on considering adding Asian paints at 844.11, LIC housing at 465.35 and Nifty BeES at 744.11.
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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