JV Capital says ‘Things still very negative’

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Sajiv Dhawan of JV Capital Services said things are still very negative on a fundamental level.

“There is nothing really positive for the bulls or short-term traders to latch on to… As for results, while a few companies have announced very good results, until the sentiment changes and until FIIs and the domestic institutions give a flush of liquidity on the positive side, it is very difficult to see the Nifty rallying to 4,400-4,500 levels. On any rally, there are still enough investors who will be looking to take profits.”

UTVi News Desk

Courtesy: utvi.com

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