Web special: Near term support for Nifty at 6,650-6,700

Check out the technical trends in select stocks with Kunal Bothra, technical analyst at LKP Securities

Check out the technical trends in select stocks such as Sesa, JP Asso, Idea, IPCA, Cipla and Ashok Leyland with Kunal Bothra, technical analyst at LKP Securities:

SmartInvestor:Markets are trading with marginal gains after a flat start. What is your advice to traders for the benchmark Nifty for this truncated week?

Kunal Bothra:Ride the trend, trail your stop losses on Nifty to a support of 6650-6700 on Nifty spot on closing basis.

SmartInvestor:Sesa Sterlite which had gained sharply yesterday after SC lifted mining ban in Goa has corrected today. What is your call on the stock for the medium term?
 

Kunal Bothra:Stock has a medium term resistance around 207-210 band. I think, if it crosses that, then it could start a fresh medium term uptrend which could give a target of 250+. Support for Sesa is now placed at 180 on closing basis.

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