Nifty for March 30 2016

The market in the previous session behaved very much in expected lines in view of the settlement of F&O series of March which is due on March 31 2016. It remained volatile bobbing up and down and up and down before closing at almost near the lowest point.

The day traders may go long only if the Nifty stands above 7630 to book profit at 7650. They may short Nifty if it trades below 7610 to cover at 7570.

The short term traders may consider taking long positions in Nifty for April series in case of weakness with stop loss at 7536.

The mid-term investors may consider buying Grasim at 3745 and 3720 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