“Traders will stare at the prospects of 17000 again, for the August expiry, but will fancy slim chances of recovery, should Monday volatility fail to penetrate 17600 and manage to pull back above 17720 which meets the internal trendline. Inability to do so will call for 17300 initially,” he added.
Dollar weakness is here to stay; get into a bucket of metal stocks: Sanjiv Bhasin
“There is nothing called sitting on cash because this is a bull market. You will have enough opportunities maybe coming your way but you have