The day traders may go long in Nifty, the benchmark index if it trades above 8875 for a target of 8890. They may, however, short the index if it trades below 8850 to cover at 8810.
The short term traders may sell their long positions in Nifty if they haven't already sold them around 8890 levels and make no new positions till a clear picture emerges.
The mid term investors may consider offering Indusind Bank at 1235.45 and Kotak Bank at 812.55 in small quantity.
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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