Web Special: Three mid-cap stocks that you can sell
Check out the trading strategies for key stocks with Ravi Nathani, technical analyst, Nsetoday.com
Smartinvestor : The markets have started trade on a negative note today tracking global cues. Do you think that the Nifty may head lower in the days ahead?
Ravi Nathani : Yes markets could retest / trade below 5600 as strong support is expected around 5580 & close below 5580 would open doors for 5490.
Smartinvestor : Most information technology stocks have taken a beating today. What are the key support and resistance levels for the CNX IT? What about individual stocks like Infosys, TCS and Wipro?
Ravi Nathani : IT index is bearish on charts close below 6000 would add fresh selling once again whereas support would be expected around 5800. Infy: Trend is down support expected around 2100 TCS Trend is range bound.(1260 - 1345) & WIPRO:trend is down support expected around 340.
Smartinvestor : What is your call on the metal pack?
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Sensex
| Company | Price | Gain (%) |
|---|---|---|
| Bharti Airtel | 299.70 | 2.83 |
| Hindalco Inds. | 104.20 | 2.66 |
| Sterlite Inds. | 85.25 | 2.65 |
| Jindal Steel | 245.80 | 2.52 |
| Tata Steel | 290.55 | 2.05 |

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