The Nifty must trade above 8250 to remain in its bullish mode and day traders as well as short term traders may go long with stop loss at 8225. The resistance will be at 8335 and 8380. However, the markets will remain weak if the index trades below 8203 with immediate support at 8155.
However, a gap up may be sold into but the same may be covered intra day.
The mid term investors may consider selling LIC Housing at 506.35 in small quantity.
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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