Benchmark indices remain volatile in a narrow range with Sensex and Nifty swinging between negative and positive zone.
Tata Consultancy Services, Axis Bank and Bajaj Auto will unveil Q3 results today. Capital Goods stocks have risen on renewed buying. Meanwhile, HCL Tech has hit record high as Q3 profit beats estimates.
Check out the trading strategies for capital goods shares, TCS, Axis Bank, Bajaj Auto, HCL Tech with Devangshu Datta, Technical Analyst
SmartInvestor: Markets are trading in narrow range with Indices oscillating between negative and positive zone. What is your advice for investors to trade in Nifty?
Devangshu Datta: Support at 6300-6310, next support 6275 (futures prices). Seems to be range trading 6300-6350. Wait for a breakout in either direction. Overall trend still seems mildly bullish.
SmartInvestor: Axis Bank, Bajaj Auto and TCS will declare their results today. How do they look on the technical parameters?
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