The day traders may go long in the benchmark index Nifty if it trades above 8545 in the opening hour for a target of 8595 or 8615 as the case may be. However, if it trades below 8527, they may short it to cover it at 8490.
The short-term traders may ride their longs and even add more long positions in the Nifty and raise their stop loss to 8420.
The mid term investors may consider buying Kotak Mahindra Bank at 770.75 for a target of 795.25.
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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