Web Exclusive: Trading strategies for rate sensitives

Find out trading strategies with Parag Doctor, Head- trading strategies, Keynote Capitals Ltd.

The Reserve Bank of India (RBI) lowered its key policy rates and cash reserve ratio by 25 bps although most of the decisionsn were on the expected lines in the ligh of all this find out how you should trade rate sensitive stocks with Parag Doctor, Head- trading strategies, Keynote Capitals Ltd.

Smartinvestor : Markets have opened on a flat note in trades today. What are the important levels to watch out for? Where are we headed in the near term on charts?

Parag Doctor : Yesterday's high that was 6,110 is an important level on the Nifty to watch out for. The Nifty is facing resistance around 6,100 levels while on the downside it has good support at 6,000 levels. Move on either side would decide the future course for the Nifty.

Smartinvestor : Can you recommend stocks from the Nifty pack that one can buy with a trading horizon of 10-12 days?

Parag Doctor : HUL has had a correction of 15% in the recent past. The stock is likely to recover and in current consolidation phase buying defensives is advisable.

Smartinvestor : What is your outlook on the stocks from the rate sensitives pack post the RBI's policy review? Which are your top picks from this space?


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