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As the market advances, it is advisable to focus on risk management and have a selective approach while looking out for thematic movers amidst the ongoing sectoral rotation, Sameet Chavan said.
Analysts believe that any breather ahead of Q3 results should be considered as a buying opportunity instead of a negative trend
Irrespective of benchmark index’s move, the IT space is likely to outperform in the near term. It has already completed its 20-month price wise as well as time wise correction phase, Sameet Chavan says.
Analysts believe the breather in the market is welcomed as the recent bull run had pushed the Nifty 50 into an overbought zone. Nonetheless, they believe the underlying sentiment in the market still remains bullish.
Indian stocks are reaching new highs. Overall market sentiments are positive, FIIs have made substantial purchases, once again, adopting a