Traders Are Advised To Remain Cautious; 5 Stocks Which Can Give Up To 16% Return

The Nifty50 has strong resistance in the range of 9,850 to 9,880 and support is placed in the range of 9,700- 9,680.

The foreign institutional investors has been continuously selling calls and buying puts as well they are net- net sellers in both derivative and cash segment in the currents series.

Generally August series remains volatile with negative returns if we analyse historical records and the data indicates short buildup by the stronger hand in current series. Going forwards, we advise traders to remain cautious in current series.

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