The day traders may go long in Nifty futures if the spot Nifty trades above 8532 to book profit when the spot Nifty trades at 8560. They may however short the Nifty futures if the spot Nifty trades below 8510 to cover when spot Nifty trades at 8480.
The short term traders may play it on the short side with stop loss at spot Nifty's 8615 for a target of spot Nifty's 8325.
The mid term investors may consider buying Birla SL Frontline equity (G) and SBI Blue chip fund (G) on every drop in Nifty.
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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