The markets have been trading subdued since the past few sessions. Check out the stocks that you can buy at the current levels with Navneet Daga, derivative analyst, KR Choksey Securities.
Smartinvestor : The markets have started the week on a quiet note. What are the key levels you are keeping a tab on?
Navneet Daga : On downside on nifty 5620 strong support zone while any momentum on upside will be visible only on cross above 5760 levels. We have a consolidation view on markets with range from 5600-5800.
Smartinvestor : Do you see a build-up of long positions in defensives such as FMCG and Pharmaceutical stocks? Do you like anything from these two spaces for a long position?
Navneet Daga : Well think we FMCG are likely to correct from the current elevated levels, Tata Global remains the best pick among them. From pharma space, Ranbaxy is looking good for the move towards 565 levels in near term.
Smartinvestor : What are your top three BUYS in these sideways moving markets? Can you specify levels also?
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