The immediate support for the benchmark index, the Nifty is at 8560 which if broken will see it slide down to 8455 and then 8233. On the other hand, the immediate resistance is at 8639 and then at 8689 and 8755.
The day traders may go long in Nifty if it trades above 8590 for a target of 8630. However, if it trades below 8561, they may short the index to cover at 8540.
The short term traders may short the Nifty if it breaks the support of 8556 with stop loss at 8565.
The mid term investors may consider buying Ambuja Cement at 256.35.
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.
No comments:
Post a Comment