The day traders may go long in Nifty futures if the spot Nifty trades above 8535 to book profit when the spot Nifty is at 8570. They may short Nifty futures if the spot Nifty trades below 8510 to cover their shorts when the spot Nifty trades at 8465.
The short term traders as well as mid term investors may consider staying on sidelines in the session. They may look sharp for this blog as we will advice during the session if an opportunity arises.
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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