Web Exclusive: Stocks that you can buy from 10-day perspective
Check out the trading strategies for a whole host of stocks with Nandish Patel, derivative analyst, Sharekhan.
Smartinvestor : The Nifty has regained 5,100 levels ahead of the crucial events lined up at the domestic and the global level. Should one use this rally to exit?
Nandish Patel : Market has crossed its 200 DMA with some short covering in Nifty. PCR ratio has seen a very good uptick & hovering above 1.45. Focus has been shifted to 5000 put option from 4800-4700 strikes so 5000 in a short term will act as a very good support.
Nandish Patel : On the higher side, 5152 is the Straddle breakeven point and 5,200 call option has seen some writing so upside is cap upto 5200 levels and it is advisable to book some profit between 5,150 - 5,200 levels. However, any close above 5,200 would open gates for higher levels.
Smartinvestor : Can you suggest a few stocks (with targets) from the Nifty pack where one can take a long / short position from a 10-day perspective?
Click here for the full transcript
No Related Stories Found