A correction of 200-300 points on Nifty will be healthy: Osho Krishan, Anand Rathi

Domestic equity indices began the day on a flat note, moving between gains and losses. S&P BSE Sensex was hovering around 58,200 mark while the NSE Nifty 50 was just above 17,300. Bank Nifty was trading higher above 36,800 levels while the broader markets traded mixed. Osho Krishan from Anand Rathi spoke too Money9 on what to expect on markets going forward.

“Markets may correct from the current levels. The immediate supports for the Nifty are placed at 17,200 and then at 17,000. Until, the Nifty crosses 17,500 which is a major hurdle one can expect a sideways move with dips coming along. A 200-300 point correction for the Nifty will be healthy at this stage as it will ensure the bulls come back stronger. Investors meanwhile must have a stock specific approach”, he said.

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