Should you buy into the current correction?

Technical analyst, Kunal Bothra of LKP Securities shares his view on markets

Image
Jinsy Mathew Mumbai
Last Updated : Jul 09 2014 | 11:38 AM IST
Since June, the benchmark indices- Sensex and Nifty- have relentlessly broken new grounds both in terms of index levels and volumes traded. However, the first jolt to this upmove was felt after the announcement of the Railway Budget.
 
Both the benchmark indices sharply reacted in the negative with the Sensex and Nifty recording their highest percentage fall in a day since Jan '14. And now, with the Nifty trading around 7,630 this morning, the markets appear to take a breather.
 
Technical analyst, Kunal Bothra of LKP Securities is of the opinion that bulls won't give up easily. Also, he shares his top picks, to tide over the current wave of volatility.


Click here for complete transcript
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 09 2014 | 10:55 AM IST

Next Story