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Last Updated : Jul 21, 2015 01:14 PM IST | Source: CNBC-TV18

Go long on market, short SBI, HUL: Angel Broking

This is not a market to short, says Siddharth Bhamre of Angel Broking and is willing to go long on stocks. Speaking to CNBC-TV18, he said it is advisable to go long despite warnings of global weakness and earnings fears because there is enough evidence of strong hands continuing in the market.

 
 
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This is not a market to short, says Siddharth Bhamre of Angel Broking and is willing to go long on stocks. Speaking to CNBC-TV18, he said it is advisable to go long despite warnings of global weakness and earnings fears because there is enough evidence of strong hands continuing in the market.

Good news on gold and crude front will also not allow unwinding of this market.

The correction in Bank Nifty was limited to Federal Bank and public sector banks but private sector banks stood fine. He is short on large public sector banks and advises shorting SBI to short-term traders.

He is also short on Hindustan Unilever. Since corrections have been frequent in this stock, Bhamre advises traders to short it on rise.
First Published on Jul 21, 2015 09:09 am
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