While DLF has been losing ground given the newsflow, traders are being cautious before Infosys announces its results on Friday. Check out the trading strategies for key frontline stocks.
Smartinvestor : The markets have started on a weak note today tracking global cues. What are the key levels for the Nifty you are keeping a tab on?
Shshank Mehta : Nifty Futures remains in profit booking zone and will gain strength only on a decisive close above 5760; traders with a bullish should be cautious as a close below 5690 can push Nifty futures down to 5630 levels.
Smartinvestor : What are your top three BUYS in the current markets given the F&O data?
Shshank Mehta : We are bullish on certain Capital Goods counters such BHEL and LT; we, however, will recommend buy till we find Nifty trading above our suggested levels of 5760. Another interesting bullish bet is TATASTEEL which become a BUY on a decisive close above 420 levels.
Smartinvestor : Do you see a heavy build up of short positions in DLF?
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