The settlement of September series is due tomorrow and it looks like all the trades have been evened out and the downside for this series looks capped on the downside at 8700, for Nifty the 50 stock benchmark index. On the upside a trade beyond the 8800 levels seems unlikely which implies that the nifty will expire between 8700- 8800.
The day traders may go long if the Nify trades above 8740 for a target of 8770. On the flip side the day traders may short the Nifty if it trades below 8720 to cover at 8705.
The short term traders may add further long positions in Nifty in October series with stop loss at 8700.
The mid term investors may stay away from the market for the day.
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.
The day traders may go long if the Nify trades above 8740 for a target of 8770. On the flip side the day traders may short the Nifty if it trades below 8720 to cover at 8705.
The short term traders may add further long positions in Nifty in October series with stop loss at 8700.
The mid term investors may stay away from the market for the day.
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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