Sudip Bandyopadhyay on strategies to navigate Nifty's pre-election volatility
“The volatility will continue effectively till June 4th, because there will be all kinds of speculation, news flow, exit polls, and opinion polls. So, we have to brace for that,” says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. Edited excerpts:
ET Now: Help us understand what next for the markets because after touching this record high, now the question that naturally pops up in all investors' minds is, what next? Where do we go from here? Two phases of elections are still left and do you think the Street has digested that volatility? Do you expect more to come as and when the election results or the outcome arrive on the 4th of June? What next for Nifty overall?
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Offering CollegeCourseWebsiteIIM LucknowChief Operations Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowChief Executive Officer ProgrammeVisitSudip Bandyopadhyay: The volatility will continue effectively till June 4th, because there will be all kinds of speculation, news flow, exit polls will come, and opinion polls will come. So, we have to brace for volatility. But having said that, if you are asking about the direction of the market, I think we are in a phase where the market will continue to inch upwards. We have seen volatility, we have seen markets dipping, but every dip has been an opportunity and buying has come in after every dip. Look at what happened even earlier this week. The dip came and then the buying finally came in.
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