Quote on Morning market 22 June 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 22 June 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Pull back rallies can be sharp and it was sharp yesterday. The important question is: will this continue? There is no economic news, except the softness in crude, to sustain the rally.
There is no reason for FIIs to change their selling strategy since the dollar continues to be strong and US bond yields are attractive and expected to rise further. The large-caps which bounced back sharply yesterday are fundamentally strong stocks. Therefore, the best investment strategy now should be to buy these high-quality names in small quantities, on dips."
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