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  • News From Press Time to find new sectors which would create alpha; FMCG, telecom to be in demand: Atul Suri

    Time to find new sectors which would create alpha; FMCG, telecom to be in demand: Atul Suri

    At the moment, Atul Suri feels the bigger story is not that where the index is going and how the index will bottom out.
    Moneycontrol Apr 8, 2020

    The market has been volatile and has been moving in a tight range for a couple of weeks now, following global cues and updates on novel coronavirus, or COVID-19. So far 8,000 has been a crucial level for the market as it has not been broken yet. But according to Atul Suri, CEO of Marathon Trends Advisory, 7,500 on the Nifty, the low touched on March 23, will be an important level to watch out for. "Hence keep your fingers cross that this level does not get violated because that will bring another round of selling. On the upside, 9,100 will be resistance in the near term," he said in an interview to CNBC-TV18.

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