Stock markets erased its opening gains and traded lower this Tuesday on back of selling pressure witnessed in financials.
Investors preferred to book profits after benchmark index Sensex hit 52-week high earlier in the session.
Check out the trading strategies with Chandan Taparia, Derivative Analyst, Anand Rathi Financial Services.
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SmartInvestor : Markets have opened firm today with Nifty edging closer to 6,200 levels. What is the immediate resistance level and how do you see the bias going forward ?
Chandan Taparia : Market has rallied well and tradingnear to 21 weeks high levels. It has seen strong move from 5750 to 6194 levels and now finding some supply pressure around 6200 zone.
Chandan Taparia : Till the time Nifty holds above 6050 immediate trend would be positive.
SmartInvestor : What are the most active stock options?
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