Check out the trading strategies in Bank Nifty and auto shares with Devangshu Datta, Technical Analyst.
SmartInvestor: Markets are off day’s high after making a gap up opening. Nifty is hovering around 5,950 mark. What is your advice to traders on the benchmark index?
Devangshu Datta: Still likely to continue range trading with profit booking at higher levels. Likely to move between range of 5975 %u2013 6025 with possible breakouts till 5925 or 6075. Market may be weakening a bit. (all futures prices above).
SmartInvestor: Banking stocks are in limelight as RBI eases liquidity crunch, cuts MSF rates. Are there any stocks that can be SOLD at the current levels?
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