👉In feb Series we saw Nifty cracking till 10276 from highs of 11171.
👉On 1st day of March series we saw big jump in Nifty on short covering & Nifty rose to 10499 and settled around 10490 Levels.Finally Most awaited pull back Rally came.
👉We feel Nifty can move Futher till 10600.But after that we need good news flow & Good global cues to move futher.10620/10650 strong resistance for Nifty above that we can see more upside.
👉We @ wealthcreatures feel This would be range bound markets 10350 to 10650 for next few days. If we break Nifty Support level of 10380/400 ,We can even retest lows of 10276 and drift lower till 10050/10000. But If Bank Nifty supports markets can move higher Till 10650+ and after that bulls would take charge.
👉Even in this Range bound market many Quality stocks can outperform. We are positive on Private Sector banking we like Hdfc Bank & Yes Bank in the pack. Insurance companies like icici Pru and Hdfc life would be very good bet for next 2 to 3 years View.Midcap IT is Looking positive.Select NBFC like Capital first,DHFL Looking Good to Add on dips for long term.
👉we are positive on India consumption story for next 3 to 5 years.Huge growth is seen in Avenue supermart,Parag milk,V2Retail and Varun breweries ltd.
👉Steel and Infra can outperform in next 12 months.
👉Dii flows supported index on lower level against Fii selling.volatility index have corrected 13% almost to settle at 14.20 and we see less selling pressure in next few days and stability in markets.
👉Rising bond yield, Dollar getting strengthen and Crude rising can heat up inflation in near term and this can be cluprits for the markets in short term.
👉In short term Midcap and smallcap Index can be under pressure.They can fall more in near term.
👉We see many challenges going forward valuation Re-Rating.Earning momentum not getting picked up.PSU Banks, Cement’s and parma there is downward Earning Risk.Last year markets assumed because of all reforms earnings would revive But that’s not visible in numbers.We feel earnings would revive from FY19 and even GST impact can be seen.
👉Currently we feel don’t just buy any stock which is trading cheap.Buy only those stocks whose earnings are visible for next few years Which can give you comfort.
👉For next 18 to 24 months we see markets trading at much higher level from current levels.
👉Stocks that can be added for next 3 to 5 years at cmp and on dips for steady returns
DHFL
CAPITAL FIRST
PARAG MILK
AVENUE SUPERMART
V2 RETAIL
HDFC BANK
YES BANK
ICICI PRU
HDFC LIFE
👉Disclaimer – The views mentioned are personal. consult your financial advisor before taking anyposition.
WealthCreatures 