Smartinvestor : What is your outlook on market and what are the key levels to watch out for on Nifty ?
Kunal Bothra : I think its a bit of a cautious approach for the markets, after yesterday's correction from day's high. I think that we could see a trading range for today as well. 5780 and 5850 are the key intraday levels to watch on Nifty spot levels.
Smartinvestor : What are your top picks from the banking names? And what are the levels?
Kunal Bothra : AXISBANK is forming a double top formation. I think below 1050 one could look at a trading opportunity of shorting for a target of 1020-1025 and stop loss at 1065.
Smartinvestor : Is Ranbaxy an avoid given the US FDA extending the consent decree? What do the charts suggest?
