The Nifty will remain bullish if it trades above 8136 in which case the resistances will be at 8165 and 8193. It will remain weak if the index trades below 8110 in which case the supports will be at 8080. The day traders may play accordingly.
As for the short term traders the supports are at 8097, 8026 and 8004 and the resistances are at 8136, 8338, 8424 and 8520. If there will be a bullish activity then the Nifty will be stopped at 8520.
The mid term investors may consider going long in Zee with stop loss at 450 for a target of 525.55.
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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