Indian stock markets are cautious. The Nifty is losing support levels, indicating a bearish trend. Midcap and smallcap stocks are also seeing profit booking. IT and metals sectors show relative strength. Analysts suggest selective long opportunities in IT, like LTIMindtree, and shorting PSU banks such as Bank of India.
2 top stock recommendations by Vinay Rajani
Indian stock markets are cautious. The Nifty is losing support levels, indicating a bearish trend. Midcap and smallcap stocks are also seeing profit booking. IT