Even after ~50-points rally in the Nifty, there is the possibility of going long. Use intra-day dips or any consolidation to initiate longs. We believe there is more upside in the index for short-term traders. But outside the index, one has to be extremely stock specific. Traders need to be positioned in right sector. PSU Banks are building a strong base and are getting ready for a big upmove and metals space is also showing signs of a reversal.
Posted on: Tue, 25 Nov 2014 03:33:23 +0000
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