Check out the trading strategies for a whole host of stocks with Ranak Merchant, technical analyst - Strategies, Sushil Financial Services.
Smartinvestor : The markets have been trading on a lacklustre note. What are you advising your clients in these markets?
Ranak Merchant : The results season and news flows in-house and from across the globe have kept markets in check. The consolidation is expected to carry on for next 2-3 days post which a breakout can be eyed. Levels to watch for the Nifty would be a close above 5722 and support near 5650-5610 levels. Most likely scenario would be a break on the upside.
Smartinvestor : Can you suggest a few stocks that can be BOUGHT at the current levels?
Ranak Merchant : Stocks that can be bought at current levels would include Cipla above 395 for 415, Tata Motors above 272 for 289, ACC for 1520
Smartinvestor : What are your top three BUY / SELL recommendations from the mid-cap universe?
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