Expect Indian markets to do well in July series: Nilesh Jain

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The Indian benchmark indices rose half a per cent in Monday’s morning deals, tracking firm cues from Asian peers. Broader markets were also moving higher along with the benchmark indices. All sectoral indices were in the green.

Nilesh Jain of Centrum Broking said, “Have seen a reversal on charts and the Nifty can cross over its previous swing high. Expect the Nifty to touch 15,950-16,000 levels in coming days. The Nifty Bank is outperforming today, on the higher side 35,500 is our immediate target. In fact, we expect the Nifty Bank to outperform in July series and lead the rally.”

On the strategy which investors should adopt in the current markets, he says one should ‘buy on dips’.

“The broader markets are looking positive as well. If investors have a 6-8 months horizon, then they can still look to invest right now in mid and small caps in select stocks”, he said.

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