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The broader market might underperform compared to large caps in the short-term because time-wise correction might be witnessed, says Garg.
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FIIs inflows have been muted in the last three months and cumulatively they have sold more than Rs 18,000 crores from Indian equities, says Garg.
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Traders who use a stop loss may not lose much money since their losses are kept to a minimum, while those who don't use stop loss, can lose a lot of money.
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Any dip in the price will be an opportunity for the buyer to add the stock to their portfolio and we expect the scrip to close above Rs 1,650 in FY22, says Garg.
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Before it hits the market, an initial public offering goes through a rigorous process of checks and balances, which can take months, if not more. We look at various stages that go into the making of an IPO.
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The level of 13,500 will now act as a support level for Nifty as per options data for the monthly series. A strong technical set-up might lead Nifty to its all-time high levels.
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FII inflows might continue to be on the higher side, however since the market rallied too much too fast, investors should turn cautious and should avoid aggressive longs.
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Investors should invest in value picks as momentum still persists in broader indices. An investor should keep their investment horizon longer and choose stocks accordingly.
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If Nifty sustains above the level of 13,050 it might test its level of 13,500 as well. The support for Nifty is placed at 12,725 and 12,600.
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Global markets are moving cautiously amid a rise in the COVID-related cases and conflicting views over US fiscal stimulus. Be stock specific and keep a track of FII and DII activities, says Garg.
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On a weekly basis, the Nifty50 has formed a Doji pattern, which indicates an indecisiveness in the market. A clear direction will emerge only if its gets past 1,2050 on the upside or breaks 11,650 on the downside, says Garg.
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Liquidity indeed is a cause of volume in this segment however it seems that investors feel this segment to be relatively undervalued and are expecting good returns with the recovering and rising Nifty.
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On the downside, the level of 10800 is a crucial level for the Nifty50 and a breach of which could be used by investors to buy at lower levels.
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If Nifty sustains above the 11500 level it is expected to test its level of 11800 by the expiry next week. The key level to be respected is 11300-11350.
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High-beta banking and financial stocks may show subdued performance, therefore investors have turned to other sectors, says Garg.
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Banking and financial stocks have seen positive momentum due to weaker rupee, whereas Technology stocks witnessing some sort of underperformance compared to benchmark indices.
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The support for Nifty is now placed at 11100 and 10880. The resistance for Nifty is placed at 10370 and 10430. However, traders should avoid aggressive longs at higher levels.
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The level of 11,220-11,250 is the range where Nifty is facing some congestion, breaking this level might push index towards 11,500.
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Safe-haven demand and crude prices led to an increase in prices of gold. Investors need to wait for a correction (or a dip) to invest in the precious metal.
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The investors who lost money in the crisis have started to recover their losses and the next six-month period would also give good opportunities to the new investors, said Garg
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State Bank of India, HDFC Bank, Axis Bank, Yes Bank, which have high loan exposure to telecom companies, will bear the brunt if the order goes against service providers.
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Either we would achieve an upside target of 10200-10250 or go back down to 9550-9600. The continued rise in new Coronavirus cases is a major cause of worry for easing strict lockdown measures this month.
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The June series has started on a positive note but ongoing US-China diplomatic issues, ending of lockdown 4.0, and the India-China border tension may keep the market volatile, CapitalVia Global Research's Gaurav Garg told Moneycontrol.
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The Indian benchmarks jumped nearly 3 percent on the closing of the long weekend for the market. The investors are still in hope for the stimulus package by the government.
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The selling pressure from the outbreak of COVID-19 with illiquid markets and negative sentiments on the street due to the economic slowdown left Franklin Templeton to close the scheme.
