No point in investing at unreasonable valuations: Rahul Sharma

Indian benchmark indices were trading lower in the volatile session with Sensex below 61,000. While the Sensex was trading down 103 points or 0.17% at 60,820, and the Nifty was down 62 points or 0.34% at 18,115. Bank Nifty however was trading above 40,200, setting fresh record highs while the broader markets were comfortably in the green. Rahul Sharma of Equity99 spoke to Money9 on what should investors do with their investments in equity.

“Market volatility is being seen as a fear of a deeper correction. However, long term scenario still looks positive but for the short term we have a sell on rise is the strategy we are advising our clients. In terms of segments, we believe the Bank Nifty is outperforming and looks promising”, he said.

Stock Recommendations

Heranba | Buy | SL – 700 | T – 900 -950

IB Real Estate | Buy | SL – 135  | T- 200 – 225

Taj GVK Hotels | Buy | SL – 135 | T- 180-200