Live Markets »News & Advice»Most Read»Most Read Details
Most Read Details
Back

Web Exclusive: Stocks that you can buy from 10-day perspective

SI Reporter/Mumbai 11 Jun 12 | 10:40 AM

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

Related Stories

    No Related Stories Found

Sensex

Company Price Gain (%)
Bajaj Auto2,528.004.76
Hero Motocorp3,117.104.07
Cipla628.453.69
Larsen & Toubro1,559.503.17
Tata Motors516.953.04

Poll

Will markets continue to scale record highs in Samvat 2071?


Online Portfolio

You can create Online Portfolio here using the below button.