Check out the trading strategies for Tata Group stocks with Ravi Nathani, technical analyst, Nsetoday.com
Smartinvestor : The Nifty is trading marginally above the 5,900 mark. Do you think it can sustain here post the F&O expiry later in the day today?
Ravi Nathani : Intraday Chart of Nifty Index is bearish whereas fresh selling trigger would appear below 5905 whereas target expected would be 5885 - 5870, best trading strategy would be short with a stoploss of 5932 as per spot levels. Short term Index is trading in a range of 120 points 5940 - 5820 close above/below would add trigger in the direction.
Smartinvestor : What are the key support and resistance levels for the Bank Nifty? Do you like anything in the BANKING pack for a long / short position?
Ravi Nathani : BANK NIFTY Resistance:12572 & Support expected around 12197. Indusind Bank sell below 417 with a target expected around 405 - 403
Smartinvestor : What about the Tata Group stocks like Tata Steel, Tata Motors, Tata Power and TCS?
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