With the oil prices likely to remain at elevated levels, time to be cautious on fuel-related spaces like aviation stocks, said Kunj Bansal, Sarthi Group.
Speaking to CNBC-TV18, Bansal said aviation stocks benefited when the crude oil prices were lower.
No doubt there is pain in the midcaps and smallcaps but the largecap index hasn’t fallen because of sectoral rotation, he said.
Meanwhile, there are two kind of market participants in the market - traders and investors, the investors will hold on but the traders will use stop losses, Bansal added.
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