The markets have been consolidating in a tight range today. Navneet Daga, derivative analyst, KR Choksey Securities suggests the strategies for various frontline and mid-cap stocks. Make sure you read this before investing your hard earned money.
Smartinvestor : The markets have been choppy today. Do you think that the markets could again enter into a consolidation phase before the next move? What are the key Nifty levels you are keeping a tab on?
Navneet Daga : We think its now a classical buy on dips markets, we are looking levels of 5830 on futures side to enter on nifty stocks for a possible move towards 6000 levels near to month end. We had a strong consolidation move from 5600-5800 levels now target of 6000/6050 levels are visible on charts.
Smartinvestor : Are there any stocks in the Nifty pack that can be bought on a decline right now?
Navneet Daga : Strong charts breakout are visible on Jpassociate, Maruti, IDFC on our buy list.
Smartinvestor : SpiceJet and Jet Airways have gained ground in today's session. What's your opinion about these two counters?
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