Web Exclusive: Trading strategies for HDIL, DLF, DB Realty and Unitech

Most realty stocks are trading firm today. Should you use the rally to exit? Check out the trading strategies for real estate and other frontline counters with Ravi Nathani, technical analyst, Nsetoday.com


Smartinvestor : The markets have gained ground yet again today after the rise seen in the previous session. Is the up trend here to stay or will we drift lower post the F&O expiry?

Ravi Nathani : Index on charts is bullish as today it has violated its strong resistance of 5751.00. If it closes above 5752 today than we are expected to rally whereas next resistance is expected around 5890 - 5950 whereas stoploss shall be placed close below 5592

Smartinvestor : What's your call on specific Nifty stocks like Tata Motors, Cipla and Bajaj Auto?

Ravi Nathani : Bajaj Auto is a buy at cmp with a target expected 2000 / Cipla is a buy with a target of 420 - 425 / Tata Motors until it does not close above 286 stock would not change its trend from Range Bound to bullish

Smartinvestor : Nestle India has gained over 3% today. How does it look on the technical charts? What about ITC and HUL?

Ravi Nathani : Nestle is Range bound on charts (4848 - 4575) trade above / below would add trigger in the direction. ITC is a buy at CMP with a target of 312 - 315. HUL is also a buy with target of 575 - 585.

Smartinvestor : What are the key support and resistance levels for the CNX IT? Do you like anything in this space for a long / short position?



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