Smartinvestor: Markets have tanked today on account of profit booking after strong gains in past few sessions. What are the key trends that you are observing right now? What are you advising your clients in these markets?
Ranak Merchant: We hereby re-iterate that benchmark indices may get into a consolidation / correction zone post a stellar show seen in the recent past with Sensex scaling to new life-highs while Nifty missing the same by a whisker.
Ranak Merchant: However, individual stock would continue to outperform the benchmarks. Levels to watch for Nifty would be 6209 (Nifty spot) as support on closing basis.
Smartinvestor: Consumer durable counters are among the worst hit today. How do Blue Star, Titan Industries and Bajaj Electricals look on the charts?
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