Rohit Srivastava, Founder of Indiacharts and Strike Money, believes Indian markets are nearing a critical support zone and may be in the final phase of the current pullback. He says the broader market remains resilient despite weakness in benchmark indices, which supports the case for a rebound. Srivastava remains positive on metals and pharma stocks, cautious on IT and FMCG, and expects the RBI to focus on liquidity measures rather than rate hikes amid global uncertainties.
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Rohit Srivastava, Founder of Indiacharts and Strike Money, says the Nifty and Bank Nifty are nearing critical support levels that could mark the end of the current correction. He points out that the broader market has remained resilient, with mid-cap stocks trading much closer to their record highs than the benchmark indices, suggesting underlying strength despite recent weakness in headline market gauges.
Srivastava remains positive on metals and pharmaceuticals, supported by strong commodity price trends and favourable technical indicators. He is cautious on IT and FMCG stocks, which he believes may continue to underperform. On the macro front, he expects the RBI to focus on liquidity measures rather than rate hikes and sees bond yields and crude oil prices remaining within manageable levels.
Srivastava remains positive on metals and pharmaceuticals, supported by strong commodity price trends and favourable technical indicators. He is cautious on IT and FMCG stocks, which he believes may continue to underperform. On the macro front, he expects the RBI to focus on liquidity measures rather than rate hikes and sees bond yields and crude oil prices remaining within manageable levels.
First Published: Jun 4, 2026 11:47 AM IS
