Nifty 50 has been falling amid concerns of prolonged rate hikes by the Fed, sustained FII selling, and high valuations. Experts expect some volatility in the market in the short term. They advise following a stock-specific approach at the current juncture.
JB Chemicals on the weekly chart has decisively broken out above the medium term 'falling channel' at Rs 2,040 with a strong bullish candle indicating positive bias.