Kotak Securities - Stock Market Technical Update - Shrikant Chauhan

[lichuachu]

Sir why not banks at 4700 , why only FMCG and Pharma , is it bcoz u expect much more downside ????????

[KotakSecuritiesLtd]

@lichuachu

Several reasons to avoid banks at 4700 levels:

Rising inflation rate,

Rising interest rates

May result into rise in NPAs

Further world economy is not certain. And last but not least, maximum positions are in banking sector because of solid performance in last 12 months as compare to any major frontline sector. It may result into reduce recommendations or liquidation of trading long positions.

Let the sector stabilize.