Milan Vaishnav, Gemstone Equity Research spoke to Money9 on whether a deeper correction is in the offing.
UltraTech Cement, Bajaj Finance, HDFC Bank were the top Sensex gainers.
The structure of markets is bullish, Nifty looks set to hit 16,800 and the downside looks capped
The price action in Nifty remains bullish though there is not much of a headway in the markets
It is a truncated week of trade as markets were shut on Wednesday on account of a Eid al-Adha