Indian equity markets traded flat after Thursday’s sell-off while global markets continued to reel under selling pressure on concern the Federal Reserve will reduce stimulus and China’s economic slowdown may deepen as a cash crunch worsens.
In such a gloom and doom scenario, will banking stocks offer some respite to the investors?
Check out the trading strategies banks and other frontline stocks with Mohit Gaba, independent technical analyst & trader.
Smartinvestor : Do you foresee further downside in our markets from the levels of 5,630 going ahead?
Mohit Gaba : It is possible as there is no sign of strength so far, I feel most of the falling has been done and we might fall another 2 - 5% on the Index. I feel now is a good time to start buying form a long term perspective, but buying large cap good quality stocks which have less or no debt
Smartinvestor : Will there be a dead-cat bounce in near term?
Mohit Gaba : its difficult to say when, we could have one today given it a Friday.
Smartinvestor : Banking stocks crashed in this global sell-off. Do you think this is the right time to BUY any of the counters here?
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