The markets yet again remained inconclusive as far as the immediate is concerned. Otherwise it continues to be in an uptrend.
The day traders may go long if the Nifty trades above 8198 with stop loss at 8185 to unwind at 8233. They may however short the Nifty if it trades below 8165 with stop loss at 8190 to cover at 8125.
The short-term traders may continue to play on the long side with stop loss at 8100. In case of weakness in ITC, they may consider going long with stop loss at 338.
The mid-term investors may consider buying Zee at 440.30 and 419.35 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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