Discussing the technical texture of the market, Shrikant Chauhan, Equity Research Head of Kotak Securities said that the Nifty will be in the range of 23250-22950 in a very short term. If the level of 22950 breaks down at the bottom, then there may be more decline. At this time, after selling 1000 points, a bridge back is visible. It seems that in this effort, the market may be seen crossing the level of 23250 and going to the level of 23500.
Hope of a pullback rally in the market now
Srikanth Chauhan said that if we talk about the overall weekness seen in the market, then 50 percent of the contribution to this was global Microse. Whereas, 50 percent of contribution contributed to the earnings and valuations in the domestic market. If you look at Indian domestic macroose, they are largely stable and good. The results of the third quarter have already been good. Signs of stability have also started coming in global macrose. The dollar index has arrived at 107. The US Bond Yield is also softening. What was being talked about in America in America has now been postponed till April. In such a situation, a pullback rei can now be seen in the market.
The decline in the market is “normal”, if you find properly, you will get all the multibaggers: Experts
NBFC sector has a great pattern in many stocks
Talking on his favorite shares and sectors, Srikanth Chauhan further said that many shares have been great patterns in the NBFC sector. It is often seen that when micro finance and unsecured loans are on their peaks, only good shares are available in this sector. Bajaj finance The stock of it looks quite good. This stock can cross the level of Rs 10000. Wait a little if you want to buy for a very short term. But if you want to buy with positive view, then this stock can also be purchased at the current levels. Apart from this Chola Finance, Mahindra Finance and Shriram Finance It will also be recommended to shop at current levels. Keep a stop loss of 3-4 percent of them. If there is recovery in this market, then financial shares with consumption will see the best boom.
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