Check out the technical trends for select stocks such as Infosys, HUL, Sun Pharma, Hero MotoCorp and HDFC with independent technical analyst and trader, Mohit Gaba:
Smartinvestor : The Nifty has come off its day highs after topping the 6,000 mark in early trades today on the back of Infosys' earnings. What is your take on the Nifty and your advice to traders for the week ahead?
Mohit Gaba : The Nifty gave us a break out above 5910 after 2 weeks or range bound movement, Technically its still up and could move on towards 6050 - 6100. Traders should trade on the long side but be cautious as there is not much support from the Bank Nifty, have a stop loss at 5920 on the Nifty spot.
Smartinvestor : Infosys has surged today osn the back of encouraging Q1 earnings. The stock is edging close to its 52-week high of near Rs 3,000 levels hit in early March. Is the upside in the stock capped at current levels and what are the resistances and targets for the stock in the medium term?
For detailed transcript please CLICK HERE
