The day traders may go long in Nifty futures only if it trades above 8205 to book profit when it reaches 8219. They may short the Nifty futures if the index trades below 8183 to cover when the index is at 8155.
The short term traders may keep in mind the resistances of 8338, 8424 and supports of 8140 and 8065 and trade accordingly.
The mid term investors may consider buying Hindalco at 173.60 in small quantities.
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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