The nifty is expected to begin the new year with a bit of calmness and strength. The intraday traders may go long if it trades above 7931 to book profit at 7985. However, if it slips below 7920, then they may play it on the short side to book profit at 7875.
The short term traders may raise their stop loss to 7915 and play their long positions till 8036.
The mid-term investors may continue selling stock on rise HDFC Bank at 1095.95, LC Housing at 530.15, ZEE at 456.05 and Goldman Sachs Nifty ETF at 814.87- all in small quantities.
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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