SmartInvestor: Markets have succumbed to selling pressure and have reached near day’s low, giving up most of the gains made in the recent rally. What is your advice to traders for the Nifty index for the rest of the trading session?
Devangshu Datta: Stop loss at 6305 (futures price) and go short.
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SmartInvestor: Rate-sensitive stocks have fallen after Raghuram Rajan was quoted as saying that inflation was a "destructive disease" that was forcing the bank to keep interest rates high. What is your take on the rate- sensitive segment, especially Bank Nifty?
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