Experts advise ‘buy-on-dip’ Nifty and ‘sell-on-rise’ Bank Nifty
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In times of volatility IT stocks and banking stocks has exhibited negative correlation which can be exploited through a pair trade.
On February 14, the Sensex was up 277.98 points or 0.39 percent at 71,833.17, and the Nifty was up 96.70 points or 0.44 percent at 21,840.00.
About 2317 shares advanced, 1395 shares declined, and 81 shares unchanged.
Given the rise in volatility, traders are sensing a unique and safe opportunity to trade in the market: a Nifty IT-Bank Nifty pair trade. This is based on the performance of the two sectors in times of volatility in the past, a pattern that seems to be resurfacing as volatility is on the rise once again.
Since the start of 2024, IT stocks have undergone a breakout, with the Nifty IT index surging from around 35,000 to its current trading…
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