NIFTY - Update & further analysis
As mentioned last week, Nifty filled the gap on the upside & now resumes it journey on the downside. (Refer last week's analysis attached above).
Strategy - Buy on dips with preference to the following sectors -
1. PSU Banks & NBFC - (SBI, FEDERAL BANK, IDFC FIRST, BAJFINANCE, SBI CARD, POONAWALLA FINCORP)
2. Capital Goods Sector - (ABB, SIEMENS, ASTRAL, POLYCAB, LT)
3. IT - Results this week
IT remains buy on dips ( INFY, LTTS, TECHM, HCL TECH, KPIT)
4. AUTO - (M&M, Eicher motors, TVS)
As mentioned last week, Nifty filled the gap on the upside & now resumes it journey on the downside. (Refer last week's analysis attached above).
Strategy - Buy on dips with preference to the following sectors -
1. PSU Banks & NBFC - (SBI, FEDERAL BANK, IDFC FIRST, BAJFINANCE, SBI CARD, POONAWALLA FINCORP)
2. Capital Goods Sector - (ABB, SIEMENS, ASTRAL, POLYCAB, LT)
3. IT - Results this week
IT remains buy on dips ( INFY, LTTS, TECHM, HCL TECH, KPIT)
4. AUTO - (M&M, Eicher motors, TVS)