The settlement blues did set in in the previous session as the benchmark index slid down after an initial rise and the followers of this post, especially the day traders, must have profited in both directions as opportunity was there in both sides.
The Nifty is expected to cover its losses in the next session if it manages to trade above 8620. Otherwise the supports are at 8572 and 8455.
The day traders may go long in Nifty if it trades above 8620 for a target of 8645. On the flip side they may short it if it trades below 8600 to cover at 8556.
The short term traders may add long positions in Nifty in case of weakness with stop loss at 8550.
The mid term traders may consider buying Hindalco at 151.55 and Zee Entertainment at 507.35.
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. 
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