Today's target on Nifty is 16,720 and once that gets taken out then 16,750 can be seen today
Markets may remain sideways for some time, but many stocks have already corrected by 20%
Consolidation in markets was due after the long one way up-move; many stocks have gone up despite no fundamentals
On the sectoral front, IT and Pharma need should be on investors' radar which are seeing positive rotation
Have a list of 5-10 stocks ready to invest in case of a fall in markets, says Vivek Mashrani.
We are amidst a strong bull run but there is always a chance of a 5-10% correction which is deemed healthy and reasonable
The BSE Sensex index tumbled 232 points, or 0.42%, at 55,398 levels while the Nifty50 tested the 16,450-mark at 16,467 level, down 101 points
Milan Vaishnav, Gemstone Equity Research spoke to Money9 on whether a deeper correction is in the offing.
Overhang of rising probability that the US Federal Reserve may soon start withdrawing its liquidity support
Experts say, Nifty could continue to rise gradually but the broader markets could take time to complete their correction