'DLF could provide a decent medium term trading opportunity'

Check out trading strategies of Kunal Bothra, Technical Analyst at LKP Securities

Smartinvestor : The markets have drifted lower in today's trade. What are the immediate levels to watch out on the Nifty?

Kunal Bothra : I think its a much needed correction for the markets after the fast and furious run since the last 1 week or so. Technically I think 5950 and 5840 could be the range for Nifty spot.

Smartinvestor : Are there any Nifty stocks that one can buy at current levels?

Kunal Bothra : Gail is forming an inverse H&S chart pattern. It has broken out of the neckline today and is already trading up a couple of percentage points. I think, if it closes above 311 today then one could look at a trading opportunity for tgt 322-325 sl 305.
 

Smartinvestor : Realty stocks have gained in today's trade. Would you recommend any names from a medium term perspective?

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