CNBC-Awaaz managing editor Anuj Singhal Said Nifty had told yesterday that now she is not ready to fall. There can be a big rally in large cap from here. The market has stopped closing closing at the lowest levels of the day. Yesterday the Nifty closed on the day high. Yes, there is still a problem in midcap and smallcap. Now the strategy of purchasing in the decline in Nifty from here may go on. The trades sold in the rally may not go so much now. Stay long with Closing SL of 23,200. Short coverings will increase in closing above 23,500. Portfolio now needs changes. Shares related to consumption may give you a big rally from here too.
Market: Today is Mars signals
The US market trump recovered from the withdrawal of tariffs. Tariffs averted for 30 days after reaching the Mexico border agreement. Canada aimed at least 30 days tariff. Trump and Xi Jinping will talk in Agre 24 hours. The dollar index has returned from 110 to 108.60. Brent crude came down -1.2% to $ 75.82/barrel. Now there will be a big trigger RBI monetary policy for the market from here. If the rate is cut on Friday, there will be a big rally.
Market: What should be the strategy now?
Anuj Singhal said that the next 4-5 months are found only in large cap and big midcap. There is no exit in quite small cap and sme shares. At this time, everyone is keeping a recession attitude in the Nifty. Fiis’s short positioning is at record high. Fiis has earned strongly by shorting the last 4 months. But now shorts have stopped making money. If there is a short cover, there will be a lot of boom. You will see the impact of the dream budget in the next 2-3 quarters. If earning growth increases, there will be a big rally. The Nifty is quite cheaper below 20x PE. Midcap-smoolcaps are still very expensive than Nifty.
Strategy on Nifty
Anuj Singhal said that Btst should increase the SL of long deals and bring it on the cost now. The first registration is on 23,467-23,505 (tomorrow’s high) while the big registration is on 23,600-23,650 (Budget day high). The first support is at 23,250-23,350 (10 and 20 Dema). The big support is on 23,150-23,250 (option zone). If there is a gapup of only 50-100 marks, then the traders at high risk can buy. The zone of shopping is at 23,350-23,400 for which a stoploss of 23,200 is installed.
Strategy on bank nifty
The first registration for bank Nifty is at 49,350-49,500. The big registration is at 49,800-50,000 (the budget day of the budget). The first support is at 48,900-49,000. The big support is at 48,400-48,500. Buy on a decline in bank Nifty until RBI policy. Try to shop on a decline of every 200-300 points. Place around 48,800 stop losses on long deals.
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