The markets are expected to open on a weaker note with immediate resistance at 7750 and immediate support at 7720.
The day traders may go long if the benchmark index trades above 7750 in opening moves to unwind at 7775 and go short if it trades below 7720 to cover at 7685.
The short-term traders may consider going long in HDFC Bank with stop loss at 1030 for a possible target of 1148.
The mid-term investors may consider buying Hero Motors at 2915.15 and 2884.35 in small quantities. They may also consider buying Grasim at 3810.25.
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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