Sandeep Bhatia, Executive Director and Head of Sales, Kotak Institutional Equities is cautious on the markets. He feels this renewed strength and strong level of interest is due to the result season in the offing, which is also helping the markets move southwards. “October earnings should raise street earnings estimates for the entire street.”
He advices to get ready for a fall if the markets go up another 10-15%.
Source: Moneycontrol
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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