Chart Check: Realty stocks, OMCs, banking counters
Check out the trading strategies for key frontline and mid-cap stocks with Mudit Goyal, technical analyst, SMC Global
Smartinvestor : The mid-caps have done well in trade today. Do you expect this trend to continue? What are the immediate key support and resistance levels for the Nifty you are keeping a tab on?
Mudit Goyal : It is just a pull back for broader indices so i am not expecting that this trend may continue for coming days.
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Mudit Goyal : Technically, Nifty is continuously trading in lower highs and lower lows on daily charts sort of downward sloping channel. For upper side, 5970 is a very crucial level. Once we get the breakout of same then only more upside can be expected. Nifty is likely to seek support around 5800-5840 in near term.
Smartinvestor : Realty stocks have rallied smartly in today's session. How do DLF, JP Associates and HDIL look on the charts?
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