Talking about the future condition and direction of the market, Atul Suri, CEO of Marathon Trends – PMS, said that after one and a half year of growth, a correction is being seen in the market. Both time and price corrections are going on in the market. Atul Suri has more than 3 decades of experience in the market. Atul ji is not only known for catching long term trends but he also knows how to balance technical and fundamentals very well. Atul Birla has worked with Sun Life Sec. He founded Marathon Capital in 2003. Presently he manages Mega Trends PMS.
While talking about the market, Atul Suri further said that the market will keep an eye on three big events in a month. These are Trump’s coronation, budget and quarterly results. There may be fluctuations in the market in the first quarter this year. Market trends may improve in the second quarter. It is better if the currency remains in range. The dollar index has been in a range for 2 years. Our markets have been impacted by the dollar index crossing 107. The strength of the dollar is not good for emerging markets.
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Atul further said that he has a positive outlook on IT and Pharma. There will be buying opportunities in the next few months in the fall. The time for banking has not come yet. Atul believes that largecap theme is better in IT. This will provide support to the index. At present, leadership is not visible in banking stocks. There has been a lot of wealth creation in the hotel. Thematic spaces like hotel and digital are showing strength.
Atul likes capital goods sector. He says that correction has been seen in this sector in three months. Now this sector may gain momentum. Atul is bullish on capital goods and engineering space.
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