CNBC-Awaaz managing editor Anuj Singhal Said that 23,440-23,475 are 10 and 20 Dema. As long as closing is happening on it, the trend is not bad. The big trend under these levels will be active again. There is a rally of 900 points between 22,830 and 23,730 (on closing basis). But this 900 -digit rally was from very oversold levels. Domestic signals have been good but global signs again deteriorated. If the market does not run even on good signs, then it means something wrong. Anyway, midcap and small cap markets are still quite bad. Largecap and megacap have value at this time. It is a little difficult time for investors but the time to find opportunities is also
Market: What is big picture now?
Anuj Singhal said that the price damage in the market is now over. Perhaps the market will be harassed for some time. Bank Nifty is now risk-re-positive. Anuj Singhal said that a rally is expected in banks after the budget and RBI rate cut. The valuation of largecap private and public sector banks is also quite spectacular. Apart from this, the risk reward in FMCG stocks is also good. The most spectacular sector is auto, but valuations are a bit expensive. The budget and policy for auto are double stimulous.
Apart from auto, the risk-reward in white goods stocks is now good. Risk-earning in IT and Pharma is no longer so good. Keep distance from shares like Defense, Railways, EMS. It is not necessary that the last year goes on after 30-40% correction. There are many shares which are expensive even after 30-40% correction. This year, money will be made in value, not in Momentum.
Strategy on Nifty
Anuj Singhal said that the most important support: 23,440-23,475 (10, 20 dem, the lowest level of Friday). After this, the next support is on 23,350-23,400 (option zone) while the first registration is on 23,600-23,700 (Friday’s High, Option Zone). The most important registration is 23,750-23,850 (recent high). Do not keep one side attitude in this market. When the markets are long, be ready to do double short and when short, be ready to make double. Those who keep one side attitude in this market will not make money. If you cannot take trade on both sides, do not take trade.
Strategy on Nifty Bank
Anuj Singhal said that the first support is at 49,850-49,900 (the policy day low) The big support is at 49,650-49,750 (10 and 20 Dema). Buy a decline of 49,850-49,950 and Stoploss is at 49,650. The first registration is at 50,250-50,300 (50 Dema). The big registration is 50,600-50,650 (the policy is on day high). If 50,650 is crossed, 1000 marks can be found.
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