Check out the trading strategies in Bank Nifty, capital goods shares, Apollo Tyres and top picks for 2014 with Ranak Merchant, Technical Analyst - Strategies from Sushil Financial Services.
SmartInvestor: The market is trading higher amid volatility on the last day of 2013. What is your advice to traders for the benchmark index for the rest of the trading session?
Ranak Merchant: The day may see some heightened volatility due to NAV propping. Also most global markets being closed global cues would be missing. Absence of FIIs due to holidays also has had its impact as seen in the earlier sessions.
Ranak Merchant: Levels to watch for Nifty would be 6357 on a closing basis for a bullish breakout for the next move to unfold. Events such as Quarterly results, IIP, Inflation and RBI policy to be watched for cues.
SmartInvestor: What's your view on capital goods counters like BHEL L&T, Thermax and Crompton Greaves?
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