Sushil Kedia Founder of Kedianomics in an interview to CNBC-TV18 said that the markets might see a fast 1,000 point drop in the short term if 11,825 is broken on a closing basis. However he cautioned that the skewed move in banks and scorching strength in IT, makes the current levels a dangerous place to take a strong call immediately in either direction and would wait for a couple of more days for confirmation.

He added that banks are likely to fall less compared to Nifty if the 1,000 point drop comes in the market.

Disclaimer:

The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

First Published:Oct 13, 2020 6:16 PM IST