Trading Strategies: Apollo Hospitals, Axis Bank, Wipro

Check out the trading strategies with Navneet Daga, derivative analyst, KR Choksey Securities before investing your hard earned money.


Navneet Daga : Well on technical side markets are looking a bit weak, until 5630 levels is not taken on upside we tihnk markets might be volalite in this range, 5500 put holding maximum OI suggesting strong support zone for nifty,

Smartinvestor : Which Nifty stocks, as per the F&O data, are attracting the maximum selling pressure?

Navneet Daga : On Nifty side, in PSU banking shorting pressure is visible and so called defensives like HUL and ITC attracting a lot of selling pressure on index.

Smartinvestor : Ambuja Cements, RIL and Axis Bank are among the top Nifty losers today. What is the outlook for these three?

Navneet Daga : Well ambuja had broken is key support levels of 200 today likely to some more downside towards 185 levels, while RIL some support is visible near 760 levels likely to bounce from it towards 790/800 odd levels. While axis bank had shown some weakness today but major downside on this stock will be only below 1200 levels.

Smartinvestor : Strides Arcolab, Suzlon Energy and Apollo Hospitals have gained ground among the mid-cap pack in today's session. Do you track these stocks?



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