The day traders may go long in Nifty, the benchmark index if it trades above 8790 for a target of 8830. On the flip side they may short the Nifty if it trades below 8785 to cover at 8765.
The short term traders may add long positions in Nifty in case of weakness with stop loss at 8700 for a target of 8856.
The mid term investors may consider buying Zee Entertainment at 518.55 in small quantity. They may also remember that this is a sell on rise kind of market mode and so they may consider offering their holdings at the rates specified in key stocks in our previous post.
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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