Realty and textile stocks showing good momemtum: Mitesh Thacker
The market has not exactly followed up the buying in the manner which we expected it to but overall the strategy is to be trading on the long side.
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| Updated: Mitesh Thacker, www.miteshthacker.com, in a chat with ET Now, gives his overview on markets.
What is the call on markets right now?
The market has not exactly followed up the buying in the manner which we expected it to but overall the strategy is to be trading on the long side. Lots of individual stocks are showing good traction. Good breakouts are happening on charts.
In the realty front, DLF is trading on a new swing high. It is trading beyond 240-241 which was the early highs. A couple of textile stocks like Raymond and Arvind Mills are also coming into F&O segment. Arvind Mills is a new entrant again. So these stocks are showing good momentum. So, there is good opportunity to trade on the long side of such stocks.
What is the call on markets right now?
The market has not exactly followed up the buying in the manner which we expected it to but overall the strategy is to be trading on the long side. Lots of individual stocks are showing good traction. Good breakouts are happening on charts.
In the realty front, DLF is trading on a new swing high. It is trading beyond 240-241 which was the early highs. A couple of textile stocks like Raymond and Arvind Mills are also coming into F&O segment. Arvind Mills is a new entrant again. So these stocks are showing good momentum. So, there is good opportunity to trade on the long side of such stocks.
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