The day traders may go long if the Nifty trades above 8181 for the possible targets of 8220. They may short the nifty if it trades below 8165 to cover at 8140.
The short term traders may ride their longs and add more in case of weakness with stop loss at 7950. The target is 8240. They may consider going long in Hero Motors with strict stop loss at 3035 for a possible target of 3240.
The mid-term investors may add HDFC Bank at 1156.70 and 1101.05, Indusind at 1067.60 and 1021.45 and Yes Bank at 993.05 and 957.85- all 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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