As Nifty reversed its uptrend from the highs, one may look to reduce long trading positions or place strict stop loss for the longs. It is advised to create short trading positions for the immediate downside target of 17,330. Sectorally, banking, healthcare, realty, metal, and automobiles will show weakness in the coming weeks.
NBFCs and OMC stocks offer margin of safety amid sector rotation: Rohit Srivastava
Rohit Srivastava suggests the market is holding gains with sector rotation, eyeing 25,300 on the Nifty. Key levels to watch are 24,494 for Nifty and