If the benchmark index opens and stays above 7482 mark then the traders are advised to go long on Nifty with stop loss at 7465. The intra-day traders may unwind their longs at 7512 and the short-term traders may ride their longs for a possible target of 7535, which if conquered then the next target will be at 7750.
The mid-term investors may sell Asian Paints in trenches of 10% in every rise at 896.5, 903.2 and 916.15.
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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