Check out the trading strategies for key frontline and mid-cap stocks with Navneet Daga, derivative analyst, KR Choksey Securities
Smartinvestor : The markets have opened firm today despite the weak China PMI data. Do you think we can drift lower as the day progresses? Overall, do you see the Nifty sinking below 5,500 mark in the July series?
Navneet Daga : Well the move had been very fast from 5580 towards current 5850 zone, we belive markets might face stiff resistance near 5850 zone and possibility of profit booking might arise in second half of trading session today towards 5810 zone on Nifty.
Overall, sell the rallies near resistance zone, is marking sense to us. July series downside is limited towards 5600 zone where major put writing is visible.
Smartinvestor : Are there any stocks in the large-cap basket that can be bought at the current levels from a one-month perspective?
Click here for the full transcript
