Await results to take fresh positions: Sajiv Dhawan

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Await results to take fresh positions: Sajiv Dhawan

Sajiv Dhawan of JV Capital Services says that the momentum in the markets currently is favouring the bulls, even though volumes are not too good.

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Sajiv Dhawan of JV Capital Services says that the momentum in the markets currently is favouring the bulls, even though volumes are not too good.

Ahead of the results, he says that tech expectations are high, and there is no real negative factor prevailing in the market right now. He expects the auto pack to fare well. "The momentum is very good, auto stocks have given a good move yesterday after good sales figures."  

While interest rates are hardening, he says that the market seems to be ignoring that aspect.

Dhawan advises clients to wait for the corporate results before initiating fresh positions.