India VIX spiked 7% last week and hovered near 19-20 zones, which is not giving much comfort to the bulls and it needs to hold below 18 zones for a smother market rally. Investors can continue with their existing long positions. Stock-specific action will continue.
Market Trading Guide: Know why BEML, HUDCO are among 5 stock recommendations for Monday
Indian markets fell on Friday amid profit booking in IT and healthcare stocks but headline indices still managed to end with near 4% weekly gains.