Check out the trading strategies for select frontline and mid-cap stocks with Ravi Nathani, technical analyst, Nsetoday.com
Smartinvestor : The markets have been consolidating since the past few sessions. What are the key support and resistance levels for the Nifty (cash segment) one should keep a tab on?
Ravi Nathani : Strong support for Index is expected around 5940 & 5920, whereas stiff resistance is expected at 6020. Close above/below would add trigger in the direction, until than index is expected to trade in a range.
Smartinvestor : Are there any stocks in the Nifty pack that are giving SELL signal as per their technical chart pattern?
Ravi Nathani : Siemens is the only stock which looks bearish whereas support is expected around 600.
Smartinvestor : What about Jubilant FoodWorks, Tata Global Beverages and Bata India in the mid-cap space?
Ravi Nathani : Sell JUBLFOOD with a target o 950 in medium term, TATAGLOBAL has strong support around 136, whereas one must initiate a buy around this levels for a technical bounce, BATA has strong support at 730, again this stock is also getting attracted for a technical bounce, buy on dips would be the best strategy for trade....
Smartinvestor : Manappuram Finance has slipped over 10% in trade today on weak Q3 results. Do you track this counter? What about Muthoot Finance and Bajaj Finserv?
Click here for the full transcript
Smartinvestor : The markets have been consolidating since the past few sessions. What are the key support and resistance levels for the Nifty (cash segment) one should keep a tab on?
Ravi Nathani : Strong support for Index is expected around 5940 & 5920, whereas stiff resistance is expected at 6020. Close above/below would add trigger in the direction, until than index is expected to trade in a range.
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Smartinvestor : Are there any stocks in the Nifty pack that are giving SELL signal as per their technical chart pattern?
Ravi Nathani : Siemens is the only stock which looks bearish whereas support is expected around 600.
Smartinvestor : What about Jubilant FoodWorks, Tata Global Beverages and Bata India in the mid-cap space?
Ravi Nathani : Sell JUBLFOOD with a target o 950 in medium term, TATAGLOBAL has strong support around 136, whereas one must initiate a buy around this levels for a technical bounce, BATA has strong support at 730, again this stock is also getting attracted for a technical bounce, buy on dips would be the best strategy for trade....
Smartinvestor : Manappuram Finance has slipped over 10% in trade today on weak Q3 results. Do you track this counter? What about Muthoot Finance and Bajaj Finserv?
Click here for the full transcript