Check out how key stocks stakc up on the technical parameters with Ravi Nathani, technical analyst, Nsetoday.com.
Smartinvestor : The markets have opened in the negative ahead of the F&O expiry today. What are the key trends that you are picking up?
Ravi Nathani : Markets are trading in a range since last 5/7 trading sessions (6105 - 6005) close above/below would add trigger in the direction. Best trading strategy would be wait until we get a clear trend for near term.
Smartinvestor : Are there any stocks in the Nifty pack that are giving a BUY signal given their technical chart patterns?
Ravi Nathani : No Not at this price as most of them are range bound, I would be wait for a clear trend on index....., whereas non nifty stocks some look very attractive, stock like JKLAKSHMI cmp 142 buy with a target of 156 / 158 whereas stoploss would be close below 137. PIDILITIND cmp 229 target expected 240 & EDL cmp 82 target expected 90
Smartinvestor : What about Suzlon Energy, Unity Infra and Titan Industries that have been in the news recently?