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Technical view of the markets
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Devangshu Datta
Technical AnalystDate : 25 Jun 12 | 01:32 PM |
| Smartinvestor : This is Abhishek Vasudev and we have with us technical analyst Devangshu Datta. Hi Devangshu and welcome back. |
| Devangshu Datta : Hi Abhishek |
| Smartinvestor : Markets are trading higher in trades today. Where we headed next on the charts? |
| Devangshu Datta : Nifty bullish. Support at 5150, resistance at 5200. Breakouts could go 5100/ 5250 |
| Smartinvestor : Which are the heavyweight stocks going strong at the current juncture? |
| Devangshu Datta : LONG Maruti, Gail, Cairn and IDFC |
| Smartinvestor : Do you see weakness in any heavyweight pockets? |
| Devangshu Datta : SHORT BPCL, Hindalco, ONGC |
| Smartinvestor : Which are the pockets of strength outside the benchmark indices? |
| Devangshu Datta : LONG Crompton, Cummin Ultratech SHORT RPower, Lupin, Dabur |
| Smartinvestor : What is your view on the IT index? |
| Devangshu Datta : Mildly bearish |
| Smartinvestor : Would you recommend any stocks in the IT space? |
| Devangshu Datta : LONG Educomp naukri SHORT TCS, HCL Tech |
| Smartinvestor : What is your view on the Bank Nifty? |
| Devangshu Datta : Bank Nifty bullish support at 10,100 and resistance at 10,200 |
| Smartinvestor : What about individual banking stocks? |
| Devangshu Datta : LONG SBI, BoBaroda and ICICI. SHORT No shorts - close long positions if Bank Nifty falls below 10090 |
| Smartinvestor : Realty stocks are trading higher in trades today. Which stocks are looking attractive from this space? |
| Devangshu Datta : LONG: HDIL Sobha – Keep stop loss at 1% below current price if you go long |
| Smartinvestor : Lastly, any disclosures? |
| Devangshu Datta : Assume I may hold any or all the above |
| Smartinvestor : Thanks a lot for sharing your views with us and have a nice day |
| Devangshu Datta : Welcome and the same to you |
| Devangshu Datta has logged out at 25-Jun-2012 01:41:41 pm |
| Smartinvestor has logged out at 25-Jun-2012 01:41:54 pm |
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