Home Business Buy on declines would be the prudent strategy as possibility of minor...

Buy on declines would be the prudent strategy as possibility of minor profit booking at higher levels cannot be ruled out which would offer incremental buying opportunity to ride next leg of up move….

Dear Trader… Equity benchmarks witnessed profit booking as Sensex approached the psychological record highs at 50000 levels and the Nifty index surpassed the 14750 mark for the first time. It consolidated at higher level for most part of the session; however, the indices corrected sharply from new highs and traded on a negative note tracking weakness in other markets and worries over new pandemic restrictions in China. On the global front,

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Nikhil Bhatt is a SEBI registered individual Research Analyst under the SEBI (Research Analysts) Regulations, 2014 is an entrepreneur, global thought leader with a sound understanding trend of BSE, NSE, financial industry segments and investment trends. According to Nikhil Bhatt, “Our mission is to spread financial awareness and improve financial literacy in a concise, simple and easy-to-understand manner. Backed by scientific research, ethical principles and reliable data, our publications benefit and guide the Indian financial / non financial community like merchants, managers, investors, traders and readers. We seek to make investment decisions more objective and mature”.