Avoid rate sensitives, esp financial and banking: Devangshu Datta

Check out the trading strategies in Bank Nifty, TCS, auto shares with Devangshu Datta, Technical Analyst.

SmartInvestor: Markets have erased early gains and are trading in negative zone. Nifty is trading below 6,100 mark. What is your advice for investors to trade in Nifty?

Devangshu Datta: Reaction may have set in. If you short, keep a stop loss at 6150. Successive supports every 50 pts %u2013 that is at 6050, 6000, 5950 etc. If one support is hit, say 6050, move the trailing stop loss down.

SmartInvestor: Banking shares are under selling pressure today on inflation worries. What is your take on Bank Nifty?
 

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