Bullish on M&M, Hero Moto, Tata Motors & Maruti Suzuki: Devangshu Datta

Check out the trading strategies for Nifty, Bank Nifty and auto shares with Devangshu Datta, Technical Analyst

SmartInvestor: Markets made a block buster start today with Sensex hitting all-time high after 5 yrs 10 months. What is your advice to traders for the Nifty index for the rest of the trading session?

Devangshu Datta: Settling into range trading with support at 6325 and resistance at 6375 (futures prices- the futures premium to spot is about 35-40, which is normal for early in settlement). Breakouts could go till 6275 or till 6425. Some bullish bias can be seen.

SmartInvestor: What is your take on the Bank Nifty?
 

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