Check out the trading strategies in Nifty, Bank Nifty, capital goods shares, IDFC, RIL and Midcap segment with Devangshu Datta, Technical Analyst.
SmartInvestor: The market has retreated from its record high with the Nifty index trading below 6,725 levels. What is your advice to traders and the levels to watch out for on the Nifty in the near term?
Devangshu Datta: Stop loss long positions at 6725 and short positions at 6800. (futures prices)
Devangshu Datta: The index looks more likely to slide than move up if it does break below 6700, it could fall quite a long way depending on the amount of profit booking.
SmartInvestor: The Bank Nifty is down by over 1%. How one should play the Bank Nifty and stocks to avoid from this segment?
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