'Ranbaxy could drop till 400 if pressure intensifies'

Check out the trading strategies in Nifty, Infosys, TCS, HCL Tech, Tata Motors, Ranbaxy, Bharat Forge, RIL & ONGC with Devangshu Datta, Technical Analyst

Check out the trading strategies in Nifty, Infosys, TCS, HCL Tech, Tata Motors, Ranbaxy, Bharat Forge, RIL & ONGC with Devangshu Datta, Technical Analyst and market expert.

SmartInvestor: Benchmark indices have hit 1-1/2-week high with Sensex holding 21,000 mark. Do you see the trend continuing or should one use the upside to exit?
    
Devangshu Datta: Depends on inflation numbers. If inflation numbers are lower, there is hope of an RBI rate cut. Keep a stop loss at Nifty 6200-6220 if you are long.

    
SmartInvestor: IT stocks have extended Friday's gain triggered by Infosys raising its revenue growth guidance. What's your view on IT majors like Infosys, TCS and Wipro?
 

Click here for full transcript