The day traders must trade with a bit of downside in mind. Chances are that the Nifty will be weak tomorrow and will consolidate as long as it remains above 8621.
That being said they may go long in the Nifty futures if the spot Nifty trades above 8742 to book profit when the spot Nifty is at 8776. They may short the Nifty if the spot Nifty trades below 8713 to cover it when the spot Nifty is at 8674.
There are excellent opportunities for mid term investors having a horizon of 2 weeks to 2 months but you will have to subscribe to this post to avail of them. Your subscribing is free of cost to you but a great source of inspiration for our team.
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.
The BSE Sensex opened down by 190 points at 30466, while the Nifty50 opened lower by 28 points at 9453 mark.capitalstars
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