Rahul Shah, VP-Equity Advisory, MOFSL, says: “My sense so far is that volatility has continued but I would start deploying or maybe we will stay invested. So far in the result season except for IT, the numbers have been so far so good. So, I do not think that there are any challenges or anything in terms of the deviation from the numbers that we were expecting. Financials have been among the top notch bets that we have been recommending, PSU banks are a preferred bet followed by private banks. One should start looking at financials.”
What are you doing in this kind of correction that we have seen over the last three to four trading sessions? Are you keeping the buying list ready and buying those stocks or do you expect the sideways move to continue in the market and keep your powder dry?
Rahul Shah: There are two-three factors to consider. Most important factor: volatility is in the front seat. In the last five-six sessions, the market has been very volatile and obviously we saw some correction in the last two-three days as well. So, our sense is few select pockets we have been seeing selling and especially from financials we have seen a lot of them have given up their gains in last four-five sessions and obviously PSU remains the top where we have seen a lot of selling happening.
My sense so far is that volatility has continued but I would start deploying or maybe we will stay invested. So far in the result season except for IT, the numbers have been so far so good. So, I do not think that there are any challenges
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