The market has given a push up for the bulls but still we are apprehensive about nifty as there are no clear leaders, technically. This continues to be a sell on rise market because profit bookers are just about calculating their profit minus the brokerage.
The immediate resistance is at 7395 which if concurred will see Nifty to soar to around 7505 levels, not 7505.
The intraday traders are advised to go long with stop loss at 7350 to unwind at 7425.
with stop loss at 7325.
The short term traders are advised to go long with stop loss at 7120 with a possible target of 7440.
The mid term investors are advised to sell at rise due to no leaders of Nifty. They may consider selling Nifty ETF at 765.14 and Asian Paints at 897.45 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.
The immediate resistance is at 7395 which if concurred will see Nifty to soar to around 7505 levels, not 7505.
The intraday traders are advised to go long with stop loss at 7350 to unwind at 7425.
with stop loss at 7325.
The short term traders are advised to go long with stop loss at 7120 with a possible target of 7440.
The mid term investors are advised to sell at rise due to no leaders of Nifty. They may consider selling Nifty ETF at 765.14 and Asian Paints at 897.45 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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