Web special: Nifty has strong support between 6030-6050 zone.
Check out the technical trends in select stocks with Ravi Nathani, Technical Analyst, nsetoday.com
SmartInvestor : Markets which opened with marginal gains seems to be losing steam as of now. The Nifty is trading well above the 6,050. What is your call on the market for the rest of the trading session and what is your advice to traders?
Ravi Nathani : Until Nifty does not close above 6091, bears are expected to be stronger than bulls in this month, whereas on charts index has strong support between 6030-6050 zone.
Also Read
SmartInvestor : After witnessing a correction Mah & Mah has once again topped Rs 900 mark after a period of three weeks. Is the stock likely to resume its uptrend or will consolidate further? What are the near term supports and resistances for the same?
Ravi Nathani : M&M is a buy at current market price with a target of 930 & 950. Traders buy for short term with a strict stoploss of close below 887.
SmartInvestor : Axis Bank seems to have entered a consolidation phase. Is the stock likely to break out on the upside? What is the medium term outlook on the stock?
For detailed transcript please CLICK HERE