Short-Term Corrections Are An Opportunity To Go Long: Aditya Agarwal
Indian equity markets fell on Thursday following India’s Director General of Military Operations statements on surgical strikes being carried out across the Line of Control. The Nifty has declined over 100 points and the Indian Volatility Index has spiked 35 percent. Caution has set in with rollovers below the previous 3-month average. So how does one tackle the markets over the next few days. On Bloomberg Quint’s ‘Surf’s Up’, which tracks weekly trends in the futures and options market, Aditya Agarwal of Way2Wealth Securities says the correction provides an opportunity to create long positions with 8,500 providing a crucial support in the near term. Indian equity indices are likely to trade within a band over the next few days. Stocks are expected to see sharper moves and Aditya views the risk-reward ratio in Lupin favouring buyers. For more, on where the markets are headed, listen in.