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Web Exclusive: Five large-cap stocks that you should sell now

SI Reporter/Mumbai 07 Jun 12 | 10:33 AM

It has been a meteoric rise for the markets over the past two sessions. Here are a few stocks that have given a sell signal on the charts.


Smartinvestor : The markets have started the day today on a firm footing after a spectacular session yesterday. Do you think that the Nifty can sustain at these levels?

Ravi Nathani : Index has many resistance's between 5060 & 5090; at this stage I suggest one must use this rally for exit as markets in medium term are expected to be in a range of 4800 – 5100.

Smartinvestor : What is your view on the metal pack? Do you like anything from this space for a long / short position?

Ravi Nathani : Long on Jindal Steel - target expected is 520 & SAIL - Target expected 104 in period of 2 months.

Smartinvestor : Can you suggest a few stocks from the Nifty pack that can be sold at the current levels given their chart patterns?



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Company Price Gain (%)
ICICI Bank355.402.95
Hindalco Inds.157.652.64
Coal India376.552.49
Wipro550.452.33
Tata Power Co.83.402.27

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