A word of caution is advised to traders; today being the settlement day of F&O June series.
The immediate resistance for Nifty is at 8246 and immediate support is at 8178 and 8116.
The day traders may go long if it trades above 8195 for the target of 8246. However, if it trades below 8178 then they may short Nifty to cover at 8139.
The short term traders may make short positions in July series in case of a rise.
The mid term investors may consider selling Hero Motors at 3284.35 and Nifty ETF at 838.56.
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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