The market in general and Nifty in particular is expected to open on a weak foot although the underlying sentiment is very much bullish.
The day traders may go long if the benchmark index trades above 8658 to book profit at 8686 or 8700 as the case may be. However, if it trades below 8645, they may short the Nifty to cover at 8615.
The short term traders may add long positions in Nifty in case of weakness with stop loss at 8560.
The mid term investors may consider offering Ambuja at 282.45, HDFC Bank at 1268.65 and Yes Bank at 1238.55 and go long in Larsen at 1556.9 with stop loss at 1545 for a possible target of 1650.
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