We hope that the followers of this blog had heeded our advice in our previous post and booked profit in their long positions in the Nifty. markets are expected to be volatile in the next session but by and large Nifty is expected to be in within the 8425 to 8650 range. Chances of expiry of July F&O series on July 28 below 8600 can not be ruled out.
The day traders may go long only if the index trades above 8620 to unwind at 8650. They may short the Nifty if it trades below 8604 to cover at 8564.
The short term traders may consider buying long positions in Nifty in August series if the Nifty weakens further and trades around 8495.
The mid term investors may consider buying Larsen at 1553.25 and Koyak mahindra Bank at 740.10, and 728.85, both the stocks in small quantities.
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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