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The current correction in stocks is "an opportunity for medium to long-term investors to collect growth companiesThe current correction in stocks is "an opportunity for medium to long-term investors to collect growth companies", according to Shrikant Chouhan, Sr. Vice President – Technical Research at Kotak Securities.
In an interview to Moneycontrol's Kshitij Anand, Chouhan said technically, he was of the view that ongoing pain in markets should end very soon.
It was a volatile week for Indian markets and a lot must have changed on the charts. The Nifty broke below its crucial 200-DEMA and 10,000 level for the first time since October 2017. Do you see further pain in the market for the coming week?
Technically, we are of the view that the pain should end very soon. Instead, we think this is an opportunity for medium to long-term investors to collect growth companies at current prices and more if the market corrects further. The reason behind the same is mainly due to following three reasons.
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