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Don't buy this dip, wait for next one: CA Rudramurthy

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Economic TimesLean R·6h ago
Don't buy this dip, wait for next one: CA Rudramurthy
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Economic TimesLean R·6h ago
Don't buy this dip, wait for the next one, says CA Rudramurthy BV

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Indian markets show a strong rebound, but expert CA Rudramurthy BV advises caution on fresh buying due to unfavorable risk-reward. He suggests waiting for dips, particularly around 23,800 for Nifty. He strongly advises against investing in IT stocks, deeming them a 'falling knife' despite attractive valuations. However, he highlights NBCC and Eternal as promising stock picks for patient traders.

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