Web Exclusive: What should you do with IT stocks now?

Check out the trading strategies with Ravi Nathani, technical analyst, Nsetoday.com.

Most information technology stocks witnessed a healthy run-up on Wednesday post the US poll outcome. Should you buy more? What about Tata Motors and Bharti Airtel?

Smartinvestor : The markets have started the day on a weak note tracking global cues. Do you expect them to drift lower in the days ahead?

Ravi Nathani : Markets (Nifty Index) trend is up on charts whereas each dip shall be the best opportunities for traders to buy and add positions as it is expected to outperform in short term, with a strict stoploss of close below 5580

Smartinvestor : Banking stocks did quite well in trade on Wednesday, but most stocks are reeling under selling pressure today. What is your call on this space? Do you like any scrip for a long / short position in this pack?

Ravi Nathani : Long HDFCBANK / KOTAKBANK & ICICIBANK from large space and YESBANK / ORIENTBANK / DENA BANK & KTK BANK are the best best to buy on dips with a overall target of 8-10% each from last close....

Smartinvestor : What is your view on the information technology space after the run-up seen on Wednesday?


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