Web special: Technical check on markets

Check out the technical trends and strategies with Kunal Bothra, technical analyst at LKP Securities

Check out the technical trends and strategies for stocks such as Axis Bank, Yes Bank, Mah&Mah, Sun Pharma and Jindal Steel with Kunal Bothra, technical analyst at LKP Securities:

Smartinvestor : Markets have remained flat ahead of the RBI policy review. What is your advice to traders for the near term?

Kunal Bothra : A cautious stance is what we are advising to our clients. Nifty has good support at 5800-5820 levels.If we hold on to that on closing basis we could see a rally of 100 odd points on Nifty.

Smartinvestor : Bank stocks have witnessed a sharp correction in the past few sessions. Among the banking majors which stock would be your top two picks from current levels? What would be the medium term outlook on the said stocks?

Kunal Bothra : I would wait for a period of consolidation in the banking stocks. It is difficult to confidently anticpate a rally in such stocks. Banking Stocks in my radar would be Axisbank, Yesbank, Bankbaroda. amongst others.


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