Softwareexporters are back in the limelight with the Rupee depreciation amid signs of growth recovery in the US, the largest client for Indian technology companies.
With Infosys results just around the corner (July 12), should you cherry-pick some stocks in the IT space?
Check out the trading strategies with Ravi Nathani, technical analyst at NSEToday for Information Technology stocks.
Also Read
Smartinvestor : Markets have gained momentum after a crash last week. Do you expect this relief rally to continue?
Ravi Nathani : Nifty is range bound on charts (5905-5760) close above/below would add trigger in direction. Best trading strategy would be stay-away however compulsive traders could sell on rise with a strict stoploss of 5905 as per closing basis.
Smartinvestor : How do you expect the volatility panning out as we approach the earnings season?
Ravi Nathani : It would be stock / sector specific as I am bullish on IT / Pharma / FMCG & Pvt. Banks, whereas Bearish strategies for PSU Banks / Metals, Range Bound on Capital Goods & Reality & Auto
Smartinvestor : If Nifty slips 30-40 points intra-day, would you recommend buying on dips then ?
Ravi Nathani : No, it would not be a great idea as it is trading in a range.
Smartinvestor : We have Infosys results this Friday. what is your strategy here and any other front-line IT stocks that you recommend?
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%