The day traders may go long if the Nifty trades above 7865 for a possible intra-day target of 7898. However, if the Nifty trades below 7830 then they may short the Nifty intraday to cover at 7808.
The short term traders may go long with strict stop loss at 7800 for a possible target of 7950.
The mid -term investors may continue selling HDFC Bank at 1174.65 and 1186.45 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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