The immediate support is at 8608 and then at 8695 and 8651. The immediate resistance is at 8730 and then at 8752/8764 and 8810.
The day traders may go long in Nifty Future if the spot Nifty trades above 8730 to book profit when the spot Nifty is at 8760. They may go short if the spot Nifty trades below 8708 to cover their shorts in Nifty Futures when the spot Nifty is at 8680.
The short term traders may raise their stop loss to spot Nifty 8695.
The mid term investors may consider adding Asian paints at 1194.80 and 1182.05, Ambuja Cement at 252.75, HDFC Bank at 1280.70, Hindalco at 152.95, Indisind Bank at 1215.70 and Kotak Bank at 779.10- all 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.
No comments:
Post a Comment