HomeNewsBusinessTechnicalsMkt momentum positive; stay cautious on banks: Sukhani

Mkt momentum positive; stay cautious on banks: Sukhani

While Sudarshan Sukhani, founder, s2analytics.com is positive of Bank Nifty, he says investors should remain very cautious as the earnings season is around the corner and banks can throw in any kind of surprise.

October 07, 2015 / 11:40 IST
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Sudarshan Sukhani, founder, s2analytics.com says the market doesn't really look at technical numbers like the day moving average (DMA), especially, given that the momentum is positive.

Hence, once should continue to be a buyer and hold a long position in this market.

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While he is positive of Bank Nifty, he adds investors should remain very cautious as the earnings season is around the corner and banks can throw in any kind of surprise.

 For stock ideas, watch accompanying videos.

first published: Oct 7, 2015 08:54 am

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