Technical outlook for Nifty, ITC, Cairn India and IT space
Check out the recommendations and strategies of Devangshu Datta, Technical Analyst.
SmartInvestor: Indices are witnessing some profit booking in trades today after surging by over 1% yesterday. What is your advice to traders for the Nifty index for the rest of the trading session?
Devangshu Datta: Correction could end at the 6250 support or go deeper till 6225. Try and go long at close to 6250 levels with a stop loss at 6225.
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