Also check out trading strategies for sugar stocks, Unitech and Pantaloon with Navneet Daga, derivative analyst, KR Choksey Securities
Smartinvestor : Markets have opened marginally higher in today's session. What are the key F&O trends that you are observing right now?
Navneet Daga : Major indicators signal downside limited at this point of time, with significant put writing on downside strikes of 5700 and 5800 signals markets downside is capped. Buying the index dips in range of 5920-5900 is making sense to us with upside open till 6100 levels looking.
Smartinvestor : Can you suggest a few stocks from the Nifty pack that can be bought on a decline?
Navneet Daga : IDFC, SBI, Reliance, ONGC, looking good in nifty pack to be bought on declines, and metals is looking for shorting candidate on upside with sesa and tisco preferred in shorting side.
Smartinvestor : What about the mid-cap space? Do you like anything here for a long / short position?
Navneet Daga : On Mid cap side, titan, PFC, century looks weak and should be used to short with 5% downside from here on. Also metals as an pack looking as trading sell currently.
Smartinvestor : Do you track sugar stocks - Bajaj Hindusthan, Shree Renuka and Balrampur Chini?
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