That the support of 7761 held intra-day in the previous session implies that the index is poised to move up north a bit more and good cause for cheer for bulls. However, the markets may start today somewhat soft and weak.
The immediate support for the day is at 7815, below which the index may find the next support at 7788 or 7761. On the other hand above 7863, the Nifty may climb up to 7993 and 7950.
The day-traders as well as short-term traders may trade accordingly.
The mid term investors may consider offering Grasim at 4310.45, HDFC Bank at 1152.10 and Asian paints at 918.65- all in small quantities equal to 10% of your holdings in the respective share.
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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