💼The ability of the market to surprise was evident in the 557 point spurt in the Nifty on Friday.
💼This sharp upswing will continue today assisted by the super NDA performance in Maharashtra.
💼The political message from this election is huge and highly positive from the market perspective.
💼A significant feature of the Friday rally was the sharp spurts in many largecaps with some stocks shooting up by more than 4%.
💼This clearly indicates short covering, which will keep the market resilient today.
💼Whether the rally will continue beyond a couple of days remains to be seen since the earnings headwinds will continue to constrain the bulls.
💼Banking and IT are on strong wicket assisted by fair valuations and reasonable growth prospects.
💼Watch out for capital goods, telecom and pharma stocks.
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Posted on : 25 Nov 2024 10:28 AM
