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Market volatility is an early sign of deeper correction: Mehul Kothari, Anand Rathi

Markets are showing signs of a bigger correction as there is no strength in the broader markets

Domestic equity market benchmarks BSE Sensex and Nifty 50 were volatile on Tuesday, ahead of weekly expiry tomorrow. BSE Sensex was hovering around 55,630 and the Nifty 50 index was flat at 16,562. Mehul Kothari of Anand Rathi spoke to Money9 on how best can investors deal with the volatile moves. "Markets are showing signs of a bigger correction as there is no strength in the broader markets. In fact, Nifty Bank is not performing. These signs are not good for the markets. Benchmark indices can also fall from all time highs", he said. Investors need to be stock specific in the current markets. It is a buy on dips market he believes in Nifty stocks and in sectors like FMCG and Pharma.

Stock Recommendations

Mannapuram Finance | Buy | Target: 184 | Stop Loss: 162 GMR Infra | Buy | Target: 32 | Stop Loss: 27 Tech Mahindra | Sell | Target: 1250 | Stop Loss: 1430


Domestic equity market benchmarks BSE Sensex and Nifty 50 were volatile on Tuesday, ahead of weekly expiry tomorrow. BSE Sensex was hovering around 55,630 and the Nifty 50 index was flat at 16,562. Mehul Kothari of Anand Rathi spoke to Money9 on how best can investors deal with the volatile moves.

“Markets are showing signs of a bigger correction as there is no strength in the broader markets. In fact, Nifty Bank is not performing. These signs are not good for the markets. Benchmark indices can also fall from all time highs”, he said.

Investors need to be stock specific in the current markets. It is a buy on dips market he believes in Nifty stocks and in sectors like FMCG and Pharma.

Stock Recommendations

Mannapuram Finance | Buy | Target: 184 | Stop Loss: 162

GMR Infra | Buy | Target: 32 | Stop Loss: 27

Tech Mahindra | Sell | Target: 1250 | Stop Loss: 1430

Published: August 17, 2021, 10:30 IST

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