Investors should be cautious in June: Amit Nalin Sec

May 29, 2009 by

Amit Dalal of Amit Nalin Securities said investors should be cautious in the month of June. “As much as I believe and there is only perhaps one reason I believe this that this rally has some more strength left and there will be some buoyancy on the upside. The reason I believe is true because the investment banking community has substantial mandates ahead of them and whenever that happens the secondary market tends to remain on a strong note,” he said. “I think that this rally, which we have seen now from 8,000 to 14,000, is in its last leg and it is something that one should be very careful with throughout the month of June.”

Leave a Reply