Your Nifty strategy for Diwali Muhurat trading, take positions in 10 stocks for Samvat 2080

In Samvat 2079, the market had delivered a historic performance marked by significant milestones. Notably, the Nifty reached 20,000 on September 11, 2023, and the BSE Sensex scaled 67,900, underscoring the market's strength and positive momentum. The impressive gains of 24 percent and 31 percent in Nifty Midcap and Smallcap reflect a broad-based bullish sentiment, indicating increased investor confidence. As we move into Samvat 2080, optimism is likely to prevail among investors and market participants.

The surge in India's foreign direct investment (FDI) from $45.15 billion in 2014-2015 to a record high of $83.6 billion in 2021-2022 contributes to this bullish sentiment. Speculations about the conclusion of the US Federal Reserve's rate hike cycle further reinforced the positive market outlook.

However, the upcoming central and state elections next year may introduce additional volatility to the market. While the longer-term trend remains bullish, it's essential to acknowledge that the markets experience corrections, and every decline until the 18,000 level is considered a time to 'buy on dips'.

The investment strategy for Samvat 2080 revolves around identifying and leveraging growth vectors that will shape India's economic narrative in the coming years.