Tips for Trade: Is it a good time to exit Bhel, Punj Lloyd, ACC?

Check out the trading strategies with Ranak Merchant, technical analyst - Strategies, Sushil Financial Services.


Smartinvestor : The markets have given up some of their early morning gains. What are the key trends that you are picking up right now?

Ranak Merchant : As indicated earlier Indices would face some resistance / consolidation in the zone of 5945-6012, it being an intermediate top and also a pyschological barrier. However as Index slowly and steadily moves towards the higher end of the band, stock action to contunue. However stocks that have seen a very sharp run may witness some correction.

Smartinvestor : Can you suggest the stocks from the Nifty pack where one can book profit?

Ranak Merchant : Rather than a profit booking a trailing of stop loss would be advised

Smartinvestor : ACC, Ambuja Cements and UltraTech Cement are among the top Nifty gainers today. How do they look on the technical charts?



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