The benchmark index, the Nifty must trade above 7890 mark for bulls to be in action in which case the intra-day targets are 7932 and 7955. If Nifty trades below 7871, then there will be opportunities for bears to cover their shorts at 7835.
The mid-term investors may offer Asian Paints at 932.45, Grasim ay 4317.85, HDFC Bank at 1154.55 in small lots.
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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