Higher capacity addition from large players in the near term might keep steel prices in check while coking coal prices at elevated levels will exert pressure on margins
Highly successful stock pickers go through training on how to cut their losses short. This means selling a stock when it is down 7-8 percent of your purchase price
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics, says investors should use every single dip in the market to buy into the Nifty and Bank Nifty despite the slight underperformance it has seen in recent days.
Go long in the Nifty with stop loss at 8600, in Bank Nifty with stop loss at 18800 and intraday corrections should not be a worry, says Sudarshan Sukhani of s2analytics.com.
According to Sukhani, bank Nifty yesterday crossed the threshold of 17500 and so the Nifty could make an attempt to go to 8400 plus. Therefore, the bias is on the long side, he adds.
Brokerages ICICI Direct recommends buying Siemens and selling Tech Mahindra. Meanwhile, Karvy suggests going long on Lupin and Tata Motors.
Sudarshan Sukhani, technical analyst, s2analytics.com, says if the markets consolidate next week, it would be sensible to go long, at least in short-term trade. He says he is still upbeat on IT stocks, and recommends a buy on Sun Pharma and Hexaware.
Sudarshan Sukhani, technical analyst, s2analytics.com is recommending traders to look at long positions in Nifty and Bank Nifty.
Understanding the Support and Resistance levels of a particular stock will help decide when to buy or sell it.