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Check out the trading strategies for Nifty, Tata Steel, M&M, Aban Offshore and Midcap space with Devangshu Datta, Technical Analyst.
SmartInvestor: After touching record highs for three consecutive trading sessions, markets seem to take a breather today as investors turned cautious and booked profits at higher levels. Nifty is hovering around 7,100 mark. How is Nifty placed technically?
Devangshu Datta: Key support at the 7100 level (futures prices). If that breaks, the index could fall till 7050 or lower. Upside, resistance about 7175 and 7200.
SmartInvestor: Tata Steel has surged by nearly 4% ahead of its Q4 results today. How investors should play this stock?
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