Enough evidence suggesting that the 4,700 levels is a possibility, said Anil Manghnani of Modern Shares & Stock Brokers. But, he remains more concerned about the stocks rather than the index front. "The stocks have already reached August level at current Nifty levels. I am more worried on what happens to the stocks if we get to 4,700 levels," he added.
Shifting his focus to the banking index, he feels Bank Nifty has some serious issues. Moreover, he suggested buying Yes Bank from a trading point of view, but seemed worried about the three major banks
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