SmartInvestor: Markets have slipped into red zone after making a higher opening. Sensex and Nifty have slipped by almost 1% each. What is the near term outlook and advice to traders?
Mohit Gaba: We have seen more than a 400 point rally on the Nifty in the last 4 sessions, there is bound to be some correction. The market could correct/consolidate for the next few sessions, we should wait for signs of strength before we buy, as long as we trade above 7350 the bias is bullish.
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SmartInvestor: BSE Realty index which has gained more than 15% in June, takes a breather today, down over 4%. What is your view on this space?
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