Nilesh Shah, MD and CEO, Envision Capital, said there are good chances of the markets going above 10,200 and touching the 11,000 mark, given the current rally. “So 2009 is likely to be significantly better than 2008. We see 7,000-12,500 as the likely trading range for the Sensex in 2009. However, a retest of 2008 lows is not to be ruled out.”
According to Shah, a combination of rate sensitives and infrastructure stocks would be right way to play this market. “I am positive on infrastructure, public sector banks, realty, cement, and auto stocks.”
Indian markets, he feels, are significantly linked to global cues. “In the short-term, the upside in markets will be directed by global sentiments. However, Q3 corporate earnings will be weak. The advance tax numbers and drop in volumes of auto and cement industry indicate the likely sluggishness in toplines.” Continue
According to Shah, a combination of rate sensitives and infrastructure stocks would be right way to play this market. “I am positive on infrastructure, public sector banks, realty, cement, and auto stocks.”
Indian markets, he feels, are significantly linked to global cues. “In the short-term, the upside in markets will be directed by global sentiments. However, Q3 corporate earnings will be weak. The advance tax numbers and drop in volumes of auto and cement industry indicate the likely sluggishness in toplines.” Continue
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