Benchmark indices Sensex and the Nifty opened on a choppy note on Tuesday with the BSE Sensex trading flat above 60,000 levels and the Nifty slipping below the 17,850 mark. IT stocks continued to decline after yesterday’s underperformance while the Nifty Bank outperformed in initial trade topping 38,350 for the first time and hovering near record levels. Shivangi Sarda of Motilal Oswal Financial Services spoke to Money9 on the strategy traders must follow in the current volatile markets.
“Investors must continue to remain stock specific as the markets may face some more choppiness. The Nifty although still has underlying bull strength and may inch towards 18,000 and then may also look to clock in 18,100-18,200. Although it is the Nifty Bank that looks more promising at the moment as it looks to have finally moved out of its consolidation”
ICICI Bank Buy | Stop Loss: 710 | Target: 765
ONGC | Buy | Stop Loss: 135 | Target: 150
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