Long term investors should wait for more corrections to enter or just buy some laggards like ITC for some value buying
SGX Nifty: President Biden's massive infrastructure plan also faces an uncertain future.
This has been the best month in terms of Nifty gains in the last 3-4 series and after that we are seeing slight corrections
Shivangi Sarda of Motilal Oswal Financial Services spoke to Money9 on the strategy traders must follow in the current volatile markets.
Profits at China's industrial firms grew at a weaker pace in August from a year earlier.
If you consider an average earnings growth of even 10% and inflation of another 6%, then the PE would shrink further going further.
"Markets still look in the positive trends, one must not bother about the weakness or volatility and stick with quality investments"
The lower end of the rising channel acted as support for the Nifty. Now, the index is very much close to the milestone of 18,000.
Nilesh Jain of Centrum Broking spoke to Money9 on how should traders approach the current markets.
The domestic equity benchmarks ended with modest gains on Friday. The S&P BSE Sensex, added 163.11 points or 0.27% to 60,048.47.