Ajit Mishra, Vice President-Research at Religare Broking expects further slide in the benchmark and suggests continuing with “sell on rise” approach till Nifty holds below 11,800.
"On the other hand, stocks may see volatile swings across the board; in reaction to the earnings thus we advise focusing on stock selection and trade management," he said.
Benchmark indices were off their opening high on correction in metals and select banks stocks.
The BSE Sensex was up 95.96 points at 38,832.19 and the Nifty50 rose 19.10 points to 11,571.60. About 795 shares advanced against 604 declining shares on the BSE.
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