Check out the trading strategies for Kingfisher, Piramal Enterprises, Sun Pharma with Shshank Mehta, derivatives strategist, Shah Investor's Home. Smartinvestor : The markets have opened on a firm note today. Do you see the Nifty headed higher in the remaining part of the week? What are the key levels that you are keeping a tab on? Shshank Mehta : Above 5950, the Nifty will continue its momentum to test earleir highs of 6191 (made in Jan-2011) and then 6338 (made in Nov-2010). These levels are of Nifty Spot so one can add 25-30 points of premium to get levels for Nifty Futures.
On the downside, we advise traders with a bearish view to short only on a decisive close below 5930, it may not be prudent to short Nifty at current levels. Smartinvestor : Apollo Hospitals and Kingfisher Airlines are in news today. How should one play these two counters? Click here for the full transcript