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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