Check out the technical trends and strategies for select large caps such as Hindustan Unilever, Idea Cellular, Infosys and M&M with Ravi Nathani, technical analyst, nsetoday.com:
Smartinvestor : Markets have taken a breather today ahead of the expiry of July F&O contracts. What is your call on the Nifty for the near term?
Ravi Nathani : Nifty on charts is Sell on rise with a target expected 5940.
Smartinvestor : FMCG major HUL has been in an uptrend post its buyback by its parent. Is the stock looking overbought at current levels? what is the medium term outlook and the resistances and targets for the same?
Ravi Nathani : Yes it is trading in over bought zone, whereas support on charts is expected around 660 & 640.
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