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Is it time to go back to defensive names?

Check out what Kunal Bothra,Technical Analyst at LKP Securities opines

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Jinsy Mathew Mumbai
Last Updated : Sep 23 2013 | 10:49 AM IST
Smartinvestor : Now that the major events are out of the way for markets, what range do you see the Nifty trading?

Kunal Bothra : I think now the crucial support zone for bulls could be the 200 DMA which is currently trading at 5842 on Nifty spot levels. And the resistance zone could be around the 6150-6200 mark. This would the broad range for the market for the next week or so.

Smartinvestor : Is it time to go back to defensives? If yes, which would be your top picks?


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First Published: Sep 23 2013 | 10:44 AM IST

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