We expect the rally in mid & small-cap to continue in the domestic markets as traders hunt for yield and chase momentum, says Daga.
Traders should look to create long positions on Nifty in the range of 14,300 with strict stop loss levels of 14,200 on a closing basis.
From a near-term perspective trimming leverage longs, using rallies to short until Nifty sustains above 14650 mark. For options players, using ratio spread would likely to be profitable strategies, says Daga.
For the coming week, we expect the market to find strong support near the 11,200 mark while the supply zone is likely to kick from 11,600 on the Nifty.
In the pharma space, stocks like Dr Reddy’s traded with highest-ever volumes at an aggregate of 24 percent fresh long buildup.
Demand zone for Nifty near 9550-9600 levels for next week while upside significant hurdle and supply likely to emerge near 10,000 mark.
According to Navneet Daga of IIFL, one can short Bharat Forge and go long in Apollo Hospitals.
Watch the interview of Prakash Gaba of prakashgaba.com and Navneet Daga of IIFL with Reema Tendulkar & Nigel D'Souza on CNBC-TV18. They shared their readings and outlook on market and specific stocks.
According to Navneet Daga of IIFL, one can buy Indian Oil Corporation and Jubilant Foodworks and short Ashok Leyland.
Watch the interview of Prakash Gaba of prakashgaba.com and Navneet Daga of IIFL with Reema Tendulkar and Nigel D'souza on CNBC-TV18, in which they shared their readings and outlook on the market, specific stocks and sectors and on Futures and Options (F&O) side of the market.
Navneet Daga of IIFL recommends buying SRF while one can do a bull call spread in Hindalco Industries.
Watch the interview of Ashwani Gujral of ashwanigujral.com and Navneet Daga of IIFL to Reema Tendulkar & Nigel D'Souza on CNBC-TV18.
Watch the interview of Ashwani Gujral of ashwanigujral.com and Navneet Daga and IIFL with Reema Tendulkar and Nigel D‘souza on CNBC-TV18, in which they shared their readings and outlook on the market, specific stocks and sectors and on Futures and Options (F&O) side of the market.
In an interview to CNBC-TV18's Nigel D'Souza and Reema Tendulkar, Ashwani Gujral of ashwanigujral.com shared his readings and outlook on market and specific stocks and Navneet Daga of IIFL gave his outlook on F&O side of the market, specific stocks and sectors.
Navneet Daga, Head of Derivative Research at IIFL is of the view that one can go long in Rural Electrification Corporation and Motherson Sumi Systems.
Watch the interview of Ashwani Gujral of ashwanigujral.com and Navneet Daga, Head of Derivative Research at IIFL with Latha Venkatesh & Nigel D'Souza on CNBC-TV18.
Watch the interview of Ashwani Gujral of ashwanigujral.com and Navneet Daga of IIFL with Latha Venkatesh and Nigel D‘souza on CNBC-TV18, in which they shared their readings and outlook on the market, specific stocks and sectors and on Futures and Options (F&O) side of the market.
According to Navneet Daga of IIFL, one may buy UltraTech Cement.
Navneet Daga of IIFL is of the view that one may go long in Zee Entertainment.
In an interview to CNBC-TV18's Nigel D‘souza and Reema Tendulkar, Ashwani Gujral of ashwanigujral.com and Navneet Daga of IIFL, shared their readings and outlook on the market, specific stocks and sectors and on Futures and Options (F&O) side of the market.
Navneet Daga, Head of Derivative Research at IIFL is of the view that UPL may test Rs 625 and recommends shorting PFC.
In an interview to CNBC-TV18's Nigel D'Souza and Reema Tendulkar, Ashwani Gujral of ashwanigujral.com shared his readings and outlook on market and specific stocks and Navneet Daga, Head of Derivative Research, IIFL gave his outlook on F&O side of the market, specific stocks and sectors.
In an interview to CNBC-TV18's Nigel D‘Souza & Reema Tendulkar, Ashwani Gujral of ashwanigujral.com shared his readings and outlook on market and specific stocks and Navneet Daga of IIFL gave his outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.
In an interview to CNBC-TV18's Reema Tendulkar & Nigel D'Souza, Ashwani Gujral of ashwanigujral.com shared hisreadings and outlook on market and specific stocks and Navneet Daga of IIFL gave his outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.
Navneet Daga, Head-Derivative Research at IIFL is of the view that Voltas may test Rs 325 in next three-four trading sessions and recommends going long in DLF 130 Call.