Syndicate Bank, Crompton, GMR Infra may be good bets: Devangshu Datta

Check out the trading strategies for Nifty, Tata Steel, M&M, Aban Offshore and Midcap space with Devangshu Datta, Technical Analyst

<a href="http://www.shutterstock.com/pic-49062454/stock-photo-buy-sell-hold-investing-dice-isolated-on-white.html" target="_blank">Image</a> via Shutterstock
Surabhi Roy Mumbai
Last Updated : May 14 2014 | 2:14 PM IST
Check out the trading strategies for Nifty, Tata Steel, M&M, Aban Offshore and Midcap space with Devangshu Datta, Technical Analyst.

SmartInvestor: After touching record highs for three consecutive trading sessions, markets seem to take a breather today as investors turned cautious and booked profits at higher levels. Nifty is hovering around 7,100 mark. How is Nifty placed technically?

Devangshu Datta: Key support at the 7100 level (futures prices). If that breaks, the index could fall till 7050 or lower. Upside, resistance about 7175 and 7200.

Also Read

SmartInvestor: Tata Steel has surged by nearly 4% ahead of its Q4 results today. How investors should play this stock?
*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: May 14 2014 | 1:54 PM IST

Next Story