Check out the trading strategies for banking and other frontline stocks with Ravi Nathani, technical analyst at NSEToday.
Smartinvestor : Markets opened firm after yesterday's slump. How are you approaching the trades today ?
Ravi Nathani : Trend is down on charts whereas resistance for near term is expected around 5820 & 5840. Best trading strategy for traders would be sell on rise as next support for index is expected around 5675.
Smartinvestor : US markets are shut today and tomorrow we have crucial data coming up from the US side. In that case, do you expect some profit-booking in the latter half of the day?
Ravi Nathani : Yes we might see some profit booking or initiation of fresh short above 5815, as trend is down on charts traders must be very careful of buying the stocks at current market price.
Smartinvestor : What is your call on counters in the aviation sector such as Jet Airways?
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