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"Getting a robust process for stock selection along with a detailed checklist is the best way to navigate the complexity and difficulty of picking up likely future wealth creators."

“Nifty may see a further dip towards 16,800 levels and Sensex to 56,000 levels in the current scenario. Investors may consider this fall as an opportunity to pick value stocks from auto, FMGC, IT, banking and power sectors. Investors should divide their investment into three parts starting from current levels till lower levels of Nifty.”

"When times are volatile; participation increases in defensive packs like FMCG. However, this time along with this trading psychology we have one leader who is dominating this pack and that is ITC. We have been constantly upbeat about ITC since the 210 level and we continue to remain bullish on the stock for the coming months too."

While following the basics, it is strongly suggested that the highly-leveraged positions must be avoided and overall exposures should be kept at modest levels. A short-covering from the lower levels cannot be ruled out as we head into the monthly derivatives expiry week. A cautious view is advised for the coming week.

We are likely to see a 50 bps kind of rate hike in September as against the general expectation a month ago of around 6% terminal rate. Repo rate expectation has gone up to 6.5& purely because you would not want interest rate differential to come down, that puts your currency at risk especially because you are a deficit country.

"In addition to a 75 bps hike, the US Fed’s commentary has upped market expectations of a peak rate of 4.4% by the end of the year, and 4.6% by 2023, much higher than previous expectations, prompting traders to take money off the table."

"I believe banks are a bit weak but I am not sure if after such a decline a fresh short is advisable unless you are a very nimble-footed trader."

USDINR has crossed above 81 in the spot market, a fresh all-time high. The up move in the USDINR pair was basically a result of a couple of things -- a) the escalation in the geopolitical instability after Putin’s speech and b) the US FED opting for a very hawkish 75-bps hike.

US Central bank continued with mega-size rate hikes and gave the message they would do everything to bring the inflation down to within their comfort zone of 2 per cent, even if it leads to a path of a painful recession.

Investors always wish to buy shares at a lower price than what they are trading at currently. But, when the shares plunge due to uncertain circumstances, they often get scared to buy and speculate what will happen next.