Mkt correction anticipated; volatility seen: Anand Rathi

Sandeep Shenoy, executive director-Institutional Equity, Anand Rathi Financial Services says the market correction seen today does not come as a surprise.

Speaking to CNBC-TV18’s Latha Venkatesh & Ekta Batra on CNBC-TV18, Shenoy says the market would have undergone some kind of a correction and the market would see levels between 5900 and 6000.

Also read: Mkt rebound likely on Wednesday; ONGC may gain 10%: CIMB”At this juncture, the risk return pay off is in favour of long-term investors and one shouldn’t blink. Yes, there could be extended sideways movement and we are moving into a period of volatility because of various reasons, elections included but long-term investors shouldn’t blink. There are options galore, please capitalise,” adds Shenoy.