One should continue to look forward to the Nifty between 4,400 and 4,600 levels, indicated Sandeep Shah of Sampriti Capital. He further pointed out that this would broadly mean that the Nifty would have a 30% correction.
He also mentioned that we would see a rally if the Reserve Bank of India (RBI) cuts interest rates. Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: What are you making of this sudden weakness and insulation from the global space again?
A: The IIP numbers are reflecting that the local economy is in doldrums. I don
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