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Must Read: Stocks to buy and sell today

SI Reporter/Mumbai 09 Jul 12 | 10:37 AM

Indraprastha Gas and TVS Motor have gained ground today on positive news flow. Should you buy these stocks? What about HDFC and JSW Steel? Check out the trading strategies with Navneet Daga, derivative analyst, KR Choksey Securities.

Smartinvestor : We kick-off the June quarter earnings season this week with the IT and financial sector heavyweights announcing their results. What are the key levels for the Nifty you are keeping a tab on?

Navneet Daga : On nifty for very short term 5260 on downside and 5355 on upside, which will open the flood gate for next move from there on. On upside 5400 CE is holding maximum OI near 7mn shares suggesting lot of supply pressure would be coming from that end.

Smartinvestor : Metal stocks have been the worst hit in trade today. How should the traders approach this space now, especially JSW Steel that has been in the news recently?

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