Key Points
CA Rudramurthy BV, MD, Vachana Investments, says keeping in mind both the past record as well as what we see currently on prices, I feel the low which the market made at around 18,840 will be a very firm bottom and every dip is a buying opportunity. For me, the market will be more stock specific and FIIs are short to the extent of over 87% and this short covering itself will take the markets to further higher levels."..
First of all, if I have to tell you levels on Nifty 18,840, what we just did recently, will be the low for a long time now and I feel the bottom has already been made..
So, keeping in mind both the past record as well as what we see currently on prices, I feel the low which the market made at around 18,840 will be a very firm bottom and every dip is a buying opportunity...
