The day traders may go long in Nifty if it trades above 7515 to unwind at 7445. However, if it trades below 7470, then they may short Nifty to cover at 7435.
The short-term traders may add longs in case of weakness with stop loss at 7435 for a possible target of 7600.
The mid- term investors may stay away for a while other than selling key stocks on rise as indicated in our previous post.
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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