Hold on to Nifty and wait for the rally to come: Bonanza Portfolio Limited

Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited in an interview with ET Now talks about Nifty.

One per cent up for Nifty. Do you expect the momentum to continue or would you sell into the rally?

We are recommending people to hold the stock. Our view is that there is fair amount of uncertainty overseas and the investors are a little uncomfortable. So anytime you could have downside movement but one should hold on to the stock. The fundamentals of the Indian economy are pretty good so one should hold on to the stock and wait for the rally to come.