The day traders may go long in Nifty futures if the spot Nifty trades above 8500 to book profit when it reaches 8521. They may short the Nifty futures if the spot Nifty trades below 8479 and book profit when the spot Nifty reaches 8478.
The short term traders may continue playing on short side lowering their stop loss to spot Nifty's 8601.
The mid term investors may consider adding LIC HSG Fin at 544.65 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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