Chart Check: Unitech, SBI, ONGC

Check out the trading strategies for key frontline and mid-cap stocks with Anil Manghnani, chairman, Modern Shares and Stock Brokers.


Smartinvestor : The mid-cap indices have been worse-off as compared to their frontline counterparts. Do you expect this trend to continue for long?

Anil Manghnani : it is a difficult one to answer but I do feel this cannot go on for too long...

Anil Manghnani : if the nifty does drift down further, I would expect large cap to correct too...

Anil Manghnani : one thing is evident from the screen, FII money is only flowing into large cap and also good management stocks
 

Smartinvestor : ONGC, Tata Power and Unitech have been in news recently. How do they stack up on the technical parameters?

Anil Manghnani : Unitech has obviously cracked badly today based on the recent news...34 was a crucial support and now since it is trading below the same will become a resistance. On the downside, Unitech has major support between 27-26..so it is imperative it holds the same.


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