With the settlement tomorrow on Sept 29, chances of volatility cannot be ruled out as there has been a sudden sell off. But our predetermined support of 8705 did hold towards the close.
We advise the intraday traders to go long if the Nifty, the benchmark index trades above 8740 for a target of 8755. They may short the index if it tradews below 8730 to cover at 8688.
The short term traders may go long in Nifty but with strict stop loss at 8705.
The mid term investors may consider placing bids for Zee Entertainment at 522.30 in small quantities.
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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