The new supports for Nifty are at 8786, 8734 and 8643 and the resistances are at 8838 and 8965.4
The day traders may go long in Nifty futures if the spot Nifty trades above 8795 to book profits when the spot Nifty is at 8838. They may short the Nifty futures if the spot Nifty trades below 8785 to cover their shorts when the spot Nifty is at 8734.
There are excellent opportunities for the short term traders and mid term investors. Interested? Subscribe to this blog through e mail and reap handsome profits.
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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