INSUBCONTINENT EXCLUSIVE:
By Sandeep PorwalTechnical Analyst, Institutional desk, Ashika Stock BrokingWhen will the Nifty Hit 12,000 Outperformance and strength of
the trend have been witnessed in the past election years
But ahead of the key event, derivatives data usually indicate what the market expects to happen
ado, the index hit the all-time high
A photo-finish high indicates that the Nifty will consolidate before resuming its uptrend
The formation of Doji on weekly chart and bearish engulfing candlestick with follow-up correction on daily charts confirms our view of
After a minor consolidation, the index shall resume its uptrend since no major change in stance as the index continues to trade in the
structure of higher tops and higher bottoms.
Stocks to play during the elections: A thematic play ahead of the key event shall be the
approach of the market participants
With the anticipation of a favourable outcome, one should look to add select auto and cement stocks along with financials stocks
At a same time, one should be ready to embrace heightened volatility, which usually gets associated with key events such as a general
We like TVS Motor, Maruti, UltraTech, HDFC and MM Financial.
