I am giving below some of the very interesting questions put to me and the reply offered by me :

Question : Markets have finally witnessed correction after sharp gains recently. The Nifty continues to trade above 6,000 levels. What are the supports and resistances for the benchmark index and trading strategy for the rest of the week?

Dr S H Kazmi : The strategy should be to sell on rise for target of 5850 with reversal around 6100. key support would be around 5950/ 5850 and resistance would be around 6070/6100

Question : Infosys is marginally down on profit taking after sharp gains post its third quarter earnings. Is the stock likely to witness further correction and what are the near term supports for the software major.

Dr S H Kazmi : The stock is expected to correct in the short term, key support would be around 2660/2525 and resistance would be around 2800/2875

Question : Tata Motors has been in an uptrend since late November and has gained over 10% in the past one month. The stock is marginally down in today's trade. Is there further upside to the stock and what is your advice to long term investors?

Dr S H Kazmi : Tata Motors is expected to correct in the short term, key support would be around 315/300 and resistance would be around 330/350. My advice would be to hold in the long term for a target of 400

Question : Cipla has been remain range bound over the past few months and is now seen consolidating between Rs 420-430 levels. What are the charts indicating at current levels?

Dr S H Kazmi : The stock is expected to rally up in the short term as well as in the medium term, key support would be around 400/375 and resistance would be around 436/460. My advice would be to hold in th long term for a target of 550.

Question : Bajaj Auto has firmed up after witnessing correction from Rs 2,200 levels in early Jan. What are the near term resistances and targets for the stock in the near term?

Dr S H Kazmi : Bajaj Auto is expected to correct in the short term for a target of 1910, key support would be around 2045/1910 and resistance would be around 2160/2200.

Question : Any disclosures you wish to make?

Dr S H Kazmi : We may or may not have positions in the stocks discussed

Question : Thank you Sir for your time and advice

Question  : Thanks !