Is it a prudent strategy to stay invested in ICICI Bank? What about Hindustan Unilever and HPCL? Check out the trading strategies for key frontline and mid-cap stocks.
Smartinvestor : The markets have seen a spectacular start today with the Sensex regaining the 19,000 levels today and the Nifty inching towards the 5,800 mark. How do you see the markets panning out over the next few days?
Ravi Nathani : Markets are bullish on near term charts, whereas we would see 5950 very soon..... Best trading strategy would be buy the index (nifty calls) on dips whereas weakness is expected only if Index trades below 5630.
Smartinvestor : Can you suggest a few good opportunities within the large-cap space?
Ravi Nathani : HINDUNILVR is a buy on dips with a target of 580 very soon, HDFC is a buy if today it closed above 784 as this would give fresh positive breakout on charts whereas target expected would be 840.
Smartinvestor : What about stocks from the oil and gas space like HPCL, Gujarat State Petronet and IOC that have gained over 2% each?
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