Is it time to go back to defensive names?

Check out what Kunal Bothra,Technical Analyst at LKP Securities opines

Image
Jinsy Mathew Mumbai
Last Updated : Sep 23 2013 | 10:49 AM IST
Smartinvestor : Now that the major events are out of the way for markets, what range do you see the Nifty trading?

Kunal Bothra : I think now the crucial support zone for bulls could be the 200 DMA which is currently trading at 5842 on Nifty spot levels. And the resistance zone could be around the 6150-6200 mark. This would the broad range for the market for the next week or so.

Smartinvestor : Is it time to go back to defensives? If yes, which would be your top picks?


Click here for the full transcript


*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 23 2013 | 10:44 AM IST

Next Story