Staying out of the markets in anticipation of a correction is not advisable
The constitution of a ‘Bad Bank’ in our view is a positive development as the focus remains on the faster resolution of stressed assets
The Nifty Private Bank index and Nifty PSU Bank index surged by around 5% last week.
Traders should refrain from taking aggressive bets owing to the probability of unanticipated whipsaw movements.
Traders can bet on SBI, Axis Bank and RIL for upside from the current levels.
The BSE Sensex, fell 125.27 points or 0.21% at 59,015.84, while the Nifty 50 index was down 44.35 points or 0.25% at 17,585.85.
Bullish on Kolte Patil, DCW and Power Finance Corporation, Rahul Sharma of Equity99 spoke to Money9 to share insights on markets.
BSE Sensex, was up 355.68 points or 0.6% at 59,496.84, while Nifty 50 index was up 103.35 points or 0.59% at 17,732.85 at the opening.
Meanwhile, all eyes are on the GST Council meeting scheduled today, 17 September 2021 in Lucknow.
No one can predict when a correction will come, take some profits off the table and stick with stocks having strong fundamentals