Check out the technical trends in select stocks such as Maruti, IOC, ITC, Sun Pharma with Mohit Gaba, Independent analyst and trader:
SmartInvestor : Markets opened firm and surged later with the Sensex topping the 21,000 mark. What is your call on the market for the near term and your advice to traders on the same?
Mohit Gaba : As Long as the Nifty trades above 6210 one should have a positive bias and trade on the long side
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SmartInvestor : After holding above 1600 levels for the past few sessions Maruti has finally slipped below 1600 as of now. Is there further downside seen for the stock? What is the medium term outlook on the stock?
Mohit Gaba : Maruti has given a fresh breakdown, we could see further down side on this stock, towards 1500 levels for starters
SmartInvestor : Indian Oil Corp seems to be in a correction mode after topping out at Rs 258 levels. Is the stock likely to resume its uptrend? What is your advice to long term investors?
Mohit Gaba : IOC is facing supply around 260 levels One could stay long with a stop loss of 235 and if we break past 260 then 280 zones are the next target.
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