The day traders may go long in the benchmark index, Nifty, if it trades above 8810 for a target of 8860. However they may short Nifty if it trades below 8802 to cover at 8778.
The short term traders may continue to add long positions in Nifty if it weakens and raise their stop loss to 8700.
The mid term investors may consider investing in Birla Sun Life Top 100 (G) fund.
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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