Market fall not over; 2 Tata Group & 2 more stocks to buy now: CA Rudramurthy BV
CA Rudramurthy BV, MD, Vachana Investments, says “for me it is very clear one has to be in largecaps and use this dip to buy only quality stocks, stay away from mid and smallcaps for some more time. Let this leverage effect and all the unsecured loan book issues which are all happening fundamentally, correct for some time and then look into quality mid and smallcap or else do to avoid them very much.”
Rudramurthy further says: “ Pick up stocks like Tata Chemicals, Tata Power, HDFC Bank, IndiGo and avoid mid and smallcap and I see some more correction possible in mid and smallcap and only someone who can understand shorting well can even look at opportunity to short this market.”
Looking at the markets in the last couple of days just not understanding what trend one should watch out for because in the morning, we saw a bit of a redness, then the Nifty again managed to jump up to the green 22,450 levels. We saw a fall, trading flattish and a jump again.. What is the view on the markets? What is it looking like?
CA Rudramurthy BV: I am very clear that both in terms of Nifty and Bank Nifty, we have to see some more consolidation time-wise and also we will see some price-wise correction.
