The bulls seem to be very much in action with the next important resistance being at 8810. The immediate support is at 8754 and then at 8642.
The day traders may go long if the Nifty trades above 8765 for a target of 8790. They may short the Nifty below 8750 to cover at 8720.
The short term traders may add longs with stop loss at 8642.
The mid term investors may consider placing bid for Ambuja Cement at 250.35 and ITC at 238.25.
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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