Auto and realty stocks have been in limelight since quite some time now find out the trading strategies for the stocks in this space with Parag Doctor, Head- trading strategies, Keynote Capitals.
Smartinvestor : The markets are falling prey to the profit bookings at higher levels. What are the chart patterns suggesting? What are the important levels of Nifty to keep a tab on?
Parag Doctor : Nifty has resistance at 5,960-5,975 to 6,000-6,025 which is very important technical and psychological.
Parag Doctor : A leveraged trader should keep a stop loss at 5,850 and positional trader should keep a stop loss at 5,800 for going long on Nifty. At the same time a dip should be used as a buying opportunity as it is a start of a multi year bull markets.
Smartinvestor : Which stocks are looking attractive at the current juncture from the heavyweight space for a short term trading perspective?
Parag Doctor : Zee Entertainment from the mid-cap pack looks attractive with stop loss at Rs 206 and target of Rs 220. While, Hindalco is looking bearish one can short with stop loss at Rs 120 and target of Rs 113
Smartinvestor : Auto stocks have been in demand since quite some time now. What are your top picks from this space?
Smartinvestor : Realty stocks have also showcased a good up move. What is your outlook on stocks like DLF, Unitech and HDIL?
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