The day traders may go long in Nifty if it trades above 8680 for a possible target of 8723/ 8769. On the flip side they may short the Nifty if it trades below 8635 to cover at 8595.
The short term traders may go long in Ambuja Cement with stop loss at 269 for a possible target of 279.
The mid term investors may consider buying ITC at 248.55 and 244.35 in small quantities. They may also consider selling Indusind at 1222.65.
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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