The day traders may go long in Nifty futures if the spot Nifty trades above 8610 for a target of 8650. They may short the futures if the spot Nifty trades below 8580 to cover at 8545.
The short term traders may short the futures in case of a bounceback at around Nifty spot of 8700 with stop loss if the spot trades above 8715 for a target of 8500.
The mid term investors may consider buying Zee Entertainment at 534.75 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.
The short term traders may short the futures in case of a bounceback at around Nifty spot of 8700 with stop loss if the spot trades above 8715 for a target of 8500.
The mid term investors may consider buying Zee Entertainment at 534.75 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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