Maeket Entering Choppy Waters, Bank Nifty To Fall More
After topping the psychological 6000-mark on Thursday, Nifty
today tumbled nearly 1 percent as investors were disheartened with
Reserve Bank of India's hawkish tone in its annual monetary policy.
Experts believe that key indices are now probably again entering the
choppy terrains; advise to avoid bravery as they see Bank Nifty falling
in next week.
EXPERT ADVICE -
"The markets are entering a choppy area. This is not a good time to be
brave; you buy only severe dips and also go short on these rallies."
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Investment strategy for banking stocks
Experts advises to remain far from public sector banks as they are seen under more pressure after RBI’s monetary policy. Bhat said that the new final guideline on restructuring dynamic provisioning is not good news for the public sector banks.
Experts advises to remain far from public sector banks as they are seen under more pressure after RBI’s monetary policy. Bhat said that the new final guideline on restructuring dynamic provisioning is not good news for the public sector banks.
Market experts expects Indian market will play in green shine but market versatility is high so market will brake some points but market
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Nifty calls
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