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