The most fulfilling part of her journey of more than six years so far has been the opportunity to learn something new from the stock market every day, says Shivangi Sarda, an analyst for equity derivatives and technicals at the Broking and Distribution wing of Motilal Oswal Financial Services.
She feels the market is all about managing money which she has learnt from an early age. While sharing her views during an interaction with Moneycontrol, Sarda shared that she was looking at the Nifty 50 at 23,000-23,500 levels in the next leg of rally.
"There's more of finance than red cells in my blood... I inherited this legacy from my father and cultured it with the financial independence that came as an inspiration from my mother," says the dynamic finance professional.
Excerpts from the interaction with Shivangi Sarda...
Happy Women's Day to you! What's your advice to women as finance professionals?
Thank you. Well, women are born multitaskers and, we can manage anything under the sun. Women being attracted to this versatile world of stock market is no wonder to me. The stock market requires the right set of skills and a mind free of emotions. If fostered well, these will help a woman succeed in this arena.
Technicals and derivatives... Was that a passion or just a job for you?
I would say, it's passion. Numbers, be it the stock market or bank balance, never cease to drive me as I am ambitious and, Monday excites me as much as Friday does. All this speaks for my passion, not just a job.
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I love numbers. Technicals and derivatives quench my thirst to play around numbers. The stock market is all about managing money which I have learnt from an early age and completing CFA and FRM helped me climb the ladder.
Do you think technical and derivative practice gives financial freedom?
My mother has been an inspiration for me when it comes to financial freedom which is all about being self-reliant. Wealth creation can be done by buying and holding for a long time and reaping the benefits of compounding. Technical and derivatives come at play to provide conviction with an edge of better timing.
Zooming in on the market, are you super bullish on the Nifty 50 after reading charts and derivatives data?
I always believe that trend is my best friend and data speaks louder than anything else. So, I always follow multiple time frames, relative ratios and sector rotation in the market. As per the recent chart set-up and data internal, the Nifty has been forming a higher base and every small decline is being bought which makes me bullish for the next leg of rally towards 23,000-23,500 zone.
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What about the Nifty IT index? The 40,000 mark looks achievable by June?
Nifty IT has been slightly underperforming and the strength hasn’t been convincing due to lack of follow-up. But now it has begun turning from key support zones, led by strength in global markets and in the Nasdaq index. So, I believe some buying interest could emerge and major attractions will be in selective mid-cap names.
Speaking of immediate short term, what's your derivative strategy for Nifty 50 or Bank Nifty for the next week?
After a slack of the last few series, Bank Nifty has now started to catch the move in line with the broader market and is barely away from its lifetime high zones. So, one can go with a Bull Call spread to play the expected 500 points in the Nifty and 1,000 points in Bank Nifty.
A Bull Call spread comprises buying one Call option with a lower strike price and simultaneously selling a Call option with a higher strike price.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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