The Nifty continues to be bullish with a little more upside left. However, we advice all the traders to exit their longs at around 7950 as it continues to be a stiff resistance.
The day traders may go long if the Nifty trades above 7890 to book profit at 7925. They may however short the Nifty if it trades below 7850 to cover at 7835.
The short-term traders may ride their longs with stop loss at 7830 for the target of 7950.
The mid term investors may consider buying Zee at 422.05 and 405.55 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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