Tech View: Trading strategies for rate sensitive stocks

Check out the trading strategies for interest rate sensitive stocks with Gaurav Ratnaparkhi, technical analyst, Sharekhan


Smartinvestor : The markets have recovered after a knee-jerk reaction to the RBI's Annual Monetary Policy review. What are the key trends you are observing now? Do you expect the markets drifting lower in the days ahead?

Gaurav Ratnaparkhi : Nifty has rallied sharply in last few weeks; however I am expecting a halt in the up move. A negative daily close will complete the up move atleast from short term perspective. Unless Nifty crosses the resistance zone of 6020 - 6050, it can fall towards 5800 - 5750

Smartinvestor : What is your outlook on the rate sesitive pack now, especially banks? Are there any stocks that look oversold as per the charts?

Gaurav Ratnaparkhi : I am expecting the rate sensitive stocks especially the banks to cool off hereon. They can undergo a short term correction. Canara Bank, PNB & ICICI Bank are looking weaker of the lot

Smartinvestor : What about the auto pack? Are there any stocks in this space where one can take long / short positions?



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