While there may be listing gains but at some point, there will be a massive correction so investors should be extremely cautious, says Bandyopahyay
"Even if we see a correction till 15,000, I'd call it a welcome correction as one can use the dip to buy"
Wall Street stocks tumbled on July 19, with Dow Jones losing more than 850 points
IT and Pharma sectors must be in everyone's portfolio going forward
"While the broader markets have outperformed so far, the time to shift focus back to largecaps"
We are hopeful that Nifty we claim 16,000 however we believe after a short run up post 16,000 up until 16,500 or so, there may be an 8-10% correction
Favourable global cues combined with supportive domestic factors are helping the index to inch higher
Investors can create positions in quality stocks on the back of positive earnings
"We can see all time high levels on the Nifty today and we may also see 16,000 hitting as early as tomorrow"
All eyes will be on widely anticipated Zomato IPO. The company has raised over Rs 4,196 crore from anchor investors