Since June, the benchmark indices- Sensex and Nifty- have relentlessly broken new grounds both in terms of index levels and volumes traded. However, the first jolt to this upmove was felt after the announcement of the Railway Budget.
Both the benchmark indices sharply reacted in the negative with the Sensex and Nifty recording their highest percentage fall in a day since Jan '14. And now, with the Nifty trading around 7,630 this morning, the markets appear to take a breather.
Technical analyst, Kunal Bothra of LKP Securities is of the opinion that bulls won't give up easily. Also, he shares his top picks, to tide over the current wave of volatility.
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