The day traders may go long in Nifty only if it trades above 8552 for a target of 8610. On the flip side they may short the index if it trades below 8530 to cover at 8380.
The short-term traders may book profits and unwind all their long positions in the index for the July series.
The mid term investors may consider buying the key stocks as indicated in our weekly post.
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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