Union Budget: The worst may be behind for the markets, stay away from aggressive short positions across the board, said Sushil Kedia.
Sushil Kedia, founder of Kedianomics, suggested that customers are moving past consumer staples to experiential consumption.
Market veteran and founder of Kedianomics, Sushil Kedia believes that the weakness in the markets is temporary, and the Nifty could rally 28 percent to hit the 32,000 mark by the end of the year.
Sushil Kedia of Kedianomics says Indian markets have historically failed to anticipate the Budget and sees a high probability of a sentiment reversal.
Market strategist and veteran trader Sushil Kedia is bearish on financials after the recent rally
The technical strategist warned of potential sharp drops in major financial names, including up to 30–35% declines in stocks like Kotak Mahindra Bank, HDFC Bank and Axis Bank
Indian equity benchmarks are poised to set new 2025 lows, even if tensions with Pakistan ease, according to technical strategist Sushil Kedia.
Veteran trader and investor Sushil Kedia said market behaviour seems irrational looking, at options pricing, but that does not mean stocks have bottomed out.
The PSU, railway, and defence stocks had become too fashionable. Now that they've fallen very fast, any rally or rebound is a good exit opportunity, says Sushil Kedia.
Sushil Kedia advises exiting financials and PSUs, and shifting focus to FMCG and small IT firms post-election. He highlighted sectoral rotation and emerging opportunities in media and mid-cap pharma sectors.
As per News 18 Exit Polls, the NDA coalition is expected to get around 355-370 seats with BJP accounting for around 305-315 seats. The opposition I.N.D.I.A alliance is expected to get 125-140 with Congress bagging in the range of 62 to 72 seats.
Investments in mid-cap IT stocks, have the potential to rise by 30-35%, the ace trader said.
Financials - mostly banking and a number of NBFC stocks remain the weakest among large caps, while the chemicals sector is expected to do well, said Sushil Kedia