Exclusive: Should you sell rate sensitive stocks ahead of the Monetary Policy review?
The Reserve Bank of India will review the Monetary Policy tomorrow. Is it time to exit the rate sensitive counters? Check out the trading strategies with Navneet Daga, derivative analyst, KR Choksey Securities.
Smartinvestor : The markets have made a positive start to the new week. What are the key levels for the Nifty you are keeping a tab on?
Navneet Daga : Nifty crucial cluster of supply zone near 5175 to 5200, any breakout out of this range will invite short covering towards 5300 levels. On short side, 5100 is major support zone for markets, we expect broder range to hold.
Smartinvestor : What about Maruti Suzuki?
Navneet Daga : This stock had technically gone in shell, multiple resistance near 1125-1150 range, expecting the stock to find support near 1070 levels, but view remain sideways untill these range breakout take place
Smartinvestor : What is your view on the banking space a day ahead of the Monetary Policy review by the RBI? How do ICICI Bank, Axis Bank and SBI look as per the options data?
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