Keeping in mind that the settlement of F&O series of January 2016 is due tomorrow, the intraday traders are advised to go long if the Nifty trades above the 7461 mark in the initial hour of trade with stop loss at 7445 to book profit at 7595. They may, however, play it short if it trades below 7432 to book profit at 7415.
The short-term traders may ride long and add more positions in February series with stop loss at 7335 for a possible target of 7565.
The mid-term investors may look for opportunities in stock like Asian paints at 844.15 and LIC housing at 465.35 in case of a drop down.
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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