Smartinvestor : The markets have opened higher and are trading on a positive note. What are the chart patterns for the Nifty suggesting? How should one approach markets at the current juncture?
Parag Doctor : We are looking at immediate target of 5990 on the Nifty while the intermediate support is at 5960-5970 levels
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Smartinvestor : What is your view on the Bank Nifty? How do you see the banking heavyweights panning out in the near term?
Parag Doctor : Bank Nifty is looking similar to the Nifty. If the Nifty moves higher from here on it will be led by Bank Nifty. Support for the Bank Nifty is at 12,300 and resistance is around 12,700.
Smartinvestor : What are your top picks from the heavyweight space for a trading horizon of 10 days?
Smartinvestor : What are your top picks from the mid-cap space?
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