Wall Street rout: What should investors do now?

ASHISH CHATURMOHTA
HEAD OF TECHNICAL, SANCTUM WEALTH MANAGEMENT

Those who want to play the entire public sector space can buy CPSE ETF at current market price and add on dips till Rs 23.80 with a stop loss of Rs 22. CPSE ETF price is expected to touch Rs 30 soon.

SANDEEP PORWAL
TECHNICAL ANALYST, ASHIKA STOCK BROKING

A fresh breakout and the sustained trend are seen in an underlying basket which in turn indicate a breakout is likely for CPSE ETF with a key support placed at Rs 23.45. If the breakout sustains, it may rally up to Rs 30.

RAJESH PALVIA
HEAD TECHNICAL & DERIVATIVES, AXIS SECURITIES

CPSE ETF has broken out of a rounding bottom formation on the weekly chart. It continues to trade above all its major moving averages, indicating strength in the current uptrend. Monthly charts suggest a target of Rs 29 in the coming sessions. On the lower end, Rs 23 forms an important support level.