Technical strategy to trade Bank Nifty, IT majors & Tata Motors

Check out the strategies of Somil Mehta, Sr Technical Analyst, Sharekhan:

SmartInvestor: The benchmark index Nifty has opened below 200 DMA, trading at lowest levels since October 9. What is your advice to traders for the benchmark index for the rest of the trading session?

Somil Mehta: Short term and medium term outlook remains negative for Nifty. Target should be around 5600 and resistance should be 6150.

SmartInvestor: What is your advice for investors to trade in Bank Nifty which is below 10,000 mark?

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