Must Read: Three stocks to buy in this lacklustre market

Check out the trading strategies with Ranak Merchant, Technical Analyst - Strategies, Sushil Financial Services

The markets have been trading sideways today after the sharp rally seen last week. Check out the stocks to buy and sell at the current levels.


Smartinvestor : The markets have given up their morning gains now and are trading flat. Do you expect the Nifty to head lower ahead of the F&O expiry this Thursday?

Ranak Merchant : Expiry related volatility is definately on the cards. Likely range for Nifty would be 5630-5720 for expiry.

Smartinvestor : Most metal counters are trading weak today with JSPL, Tata Steel and Sterlite Industries skidding over 2% each. How do they look on the technical parameters?

Ranak Merchant : Tata Steel has seen a correction from near its important average and natural resistance. Stock likely to find support near 390. JSPL too failed to cross above its 200 day ema and would now find support near 425. With the recent rally and stocks nearing their respective 200 day ema that acts as a resistance, some profit taking was on the cards. Need to watch if supports hold post expiry.

Smartinvestor : What are your top three BUYS from the mid-and large-cap segments in these lacklustre market conditions basis the technical chart patterns from a medium term perspective?



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