Sudarshan Sukhani of Technical Trends is of the view that in liquid stock like TTML, Ashok Leyland, RNRL are buying opportunities at the right time maybe sometime this week as he feels that they have not entered a bear market. So, they would unwind with the market but at some point whenever the trader feels that the Nifty is nearing some support at that point these momentum stocks should still be bought.
Sukhani told CNBC-TV18, "I would still be a buyer in liquid stock like TTML, Ashok Leyland, RNRL. It’s not an opportunity today as we speak because the market could go down more. So, they would unwind with the market but at some point whenever the trader feels that the Nifty is nearing some support at that point these momentum stocks should still be bought. I don’t think they have entered a bear market, as I don’t think the Nifty has entered a bear market. So, these momentum stocks are buying opportunities at the right time maybe sometime this week."
Disclosure: I have delta neutral positions in Nifty and investments in shares.
Source: Moneycontrol.com
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