Parliament’s winter session begins today with the Opposition parties demanding a discussion on Foreign Direct Investment (FDI) in multi-brand retail. How should you play the retail sector stocks now?
Smartinvestor : It has been a positive start to the markets today. Do you think that this positive sentiment is here to stay? Where do you see the Nifty headed over the next few sessions?
Ravi Nathani : On charts Index has strong resistance around 5750, whereas stiff support is expected around 5540. Best trading strategy for traders would be buy on dips with a strict stoploss of close below 5540.
Smartinvestor : Can you suggest a few stocks that can be bought on a dip?
Ravi Nathani : Shopper's Stop is a good stock to accumulate at dips as target expected is around 450, stoploss close below 388. CIPLA is also a buy at dips with target expected 425 & 440 stoploss would be close blow 370
Smartinvestor : How should one play the retail space at the current juncture. Do Pantaloon Retail, Trent and Provogue (India) also qualify as a buy on decline besides Shoppers Stop that you mentioned earlier?
Click here for the full transcript
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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