Telecom sector has been in the news lately on the back of the 2G spectrum auction. Check out the trading strategies for key stocks from this sector with Dipesh Mehta, derivative analyst, Nirmal Bang Securities.
Smartinvestor : The markets have been trading in a tight range since quite some time now. What range do you see Nifty to trade for the remaining part of November series? What is the immediate support and resistance for the Nifty?
Dipesh Mehta : Nifty may trade in the range of 5,600-5,750 in the remaining part of November series. Nifty has strong support at 5,600 and a correction from here could drift markets to 5,400 levels or so.
Smartinvestor : What is your current market strategy and what counters are you focusing on from a medium-term perspective?
Dipesh Mehta : My current market strategy is to buy on dips. I would suggest investors to SELL Maruti at Rs 1,500 levels and buy DLF. Also buy 5,600 call and put option as I expect market to go either up or down by 100 points and this opportunity could be used to cash-in gains.
Smartinvestor : Bharti Airtel has been trending up since the past few sessions. Do you expect this to continue? What about RCom and Idea Cellular?
Click here for the full transcript
Also Read: Has the 2G spectrum auction really been a failure?
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