Check out the trading strategies in Nifty, Axis Bank, Wipro, metal shares with Devangshu Datta, Technical Analyst
SmartInvestor: The Nifty index is hovering around 6,500 mark with positive bias. What is your advice for traders to trade in Nifty?
Devangshu Datta: Likely to range trade 6500-6535 (both futures prices). Breakouts / breakdowns look unlikely but could go till 6465 or 6600. Advance-decline ratio is positive.
SmartInvestor: Axis Bank has trimmed losses to 0.6% from 3% on buying interest at lower levels. How does the stock look on technical parameters and your advise to investors?
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