Check out the trading strategies in Infosys, Tata Motors & MCX with Devangshu Datta, Technical Analyst.
SmartInvestor: Markets have surged post the announcement of Infosys numbers. Nifty is trading near 6,100 mark. Where do you see the Nifty headed from here on?
Devangshu Datta: Resistance at 6125-6150 (futures prices), support at 6070. Obviously a bullish bias. Breakout past 6150 could lead to 6250. Stop loss either at 6070 or at 6025 if you are long.
SmartInvestor: Infosys has surged nearly 10% since early August. Do valuations look stretched at current levels? What are the medium term supports and resistances for the IT major and what would be your advice to long term investors on the stock?
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