If the spot Nifty trades above 8420 then the Nifty will test the resistance of 8456 and 8499. on the flip side if the spot Nifty trades below 8400 it will gravitate towards 8324.
The day traders may trade accordingly.
The short term traders may consider buying Nifty 8600 Call and 8300 put.
The mid term investors may consider buying Kotak M Bank at 801.55 and ITC at 244.85.
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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