Market Trend Is Cheerful And Constructive - Brokers Prospect
B Sahu, Khandwala Securities said that today market being knocking down by 96 points was estimable for the market as alteration is long overdue. Overall money flow in the market is fine, FIIs are pouring in money in the markets since last few trading sessions.
According to him, this is the moment for re-balancing and reshuffling the range. He commends investors to gather stocks of companies that are expected to nurture in coming future.
“It is moment to select your sector and stock,” said Mr. Sahu.
He also added that overall market trend is cheerful and optimistic. Tomorrow (July 26) is a decisive day for market because of F&O expiry. So, investors should watch out for global cues for Thursday`s trading session.
Anand Dama, psychoanalyst, KJMC Capital Markets stated that today the stock market saw profit booking. Correction was projected that was vigorous for market. Selling was seen in Auto and banking sector though there was a major upside seen in the FMCG sector. Market response is constructive and will add in the near future. He is upbeat on banking sector on the basis of good corporate results.