The day traders may go long in Nifty futures if the spot Nifty trades above 8265 to book profit at 8292 or 8310 as the case may be. They may however short the Nifty futures if the spot Nifty trades below 8255 to cover when the spot Nifty trades around 8226 or 8211 as the case may be.
The short term traders may keep in mind that the resistances for Nifty are at 8338, 8424, 8467 and 8520. The supports are at 8152, 8140, 8075 and 8053. They may trade accordingly.
The mid term investors may consider adding LIC Housing at 558.45 and Zee at 444.85- all 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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