Exclusive: Trading strategies for realty and OMC stocks

The shares of realty and oil marketing companies (OMC) have been trading higher since past few trading sessions find out stocks you can bet on from these sectors with Ravi Nathani, Technical analyst, Nsetoday.com

Smartinvestor : The markets have opened on a positive note in trades today. Where are we headed next on the charts? What are the important levels on the Nifty to keep a tab on?

Ravi Nathani : Nifty on charts are trading range bound (6043 - 5940) trade above/below would add trigger in the direction.

Smartinvestor : What is your outlook on defensives such as FMCG and healthcare stocks?

Ravi Nathani : FMCG index is expected to trade range bound with negative bias for atleast 10 - 12 tarding sessions, whereas PHARMA index would expect to rally in near term, therefore traders could initiate long positions in pharma stocks for near term. Stocks like SUNPHARMA & CIPLA

Smartinvestor : The realty stocks are trading higher in trades today. What is your outlook on this sector? How do you see Unitech, DLF and HDIL panning out in the near term?

Smartinvestor : OMC's have been in the limelight on the back of reports that the government might increase prices of diesel. How are BPCL, HPCL and IOCL looking on charts?

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