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Don't buy this dip, wait for the next one, says CA Rudramurthy BV
Indian markets show a strong rebound, but expert CA Rudramurthy BV advises caution on fresh buying due to unfavorable risk-reward. He suggests waiting for dips, particularly around 23,800 for Nifty. He strongly advises against investing in IT stocks, deeming them a 'falling knife' despite attractive valuations. However, he highlights NBCC and Eternal as promising stock picks for patient traders.
Raccontata da
economictimes.indiatimes.com
Timeline cronologica
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Nifty holds above 24,000, but IT stocks aren't out of the woods yet: Akshay Bhagwat
The Nifty has crossed the 24,000 mark, with analysts seeing potential for a move towards 24,600. Support is seen around 23,800, making dips attractive for buyers. However, the IT…
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Don't buy this dip, wait for the next one, says CA Rudramurthy BV
Indian markets show a strong rebound, but expert CA Rudramurthy BV advises caution on fresh buying due to unfavorable risk-reward. He suggests waiting for dips, particularly…
- ·
Street Signals: Technical charts point to further upside for Nifty
Indian stock markets are showing a positive outlook, with analysts predicting the Nifty could climb towards 24,300-24,600. Key support levels are identified around 23,700-23,900,…