INSUBCONTINENT EXCLUSIVE:
During the first half, there were several stocks that took it on the chin mainly on the back of some negative news flow or poor set of
However, the last couple of days turned out to be a savior for our markets as we saw a massive rally one day ahead of the Union Budget and
On the day, the Nifty made a valiant attempt to surpass the recent swing high of 10987.45.
The Nifty successfully defended some key levels
relatively in the safer zone.
What should investors do: Although we are yet to surpass 11,000, looking at the broader market participation
on Friday, we will not be surprised to see it happening in the forthcoming week
A sustainable move below this may give a dent to all the above-mentioned possibilities
A prudent strategy would be to keep focusing on individual stocks which have shown resilience of late
As far as sectors are concerned, auto and metal seem to be heading towards the fag end of their correction
