We can't predict the market, atleast not in this global scenario where market is showing 'K' shaped recovery.
If somehow consumer durables, Hotel and entertainment, automotive, Construction sector gear ups nifty can break its all historic resistance and we will see fresh trend pattern.
But it still looks impossible in short zone as Indian covaccine gonna launch by feb as ASTRAZENECA said. Market still need one BIG stipules, which government can't afford.
As per Serum Institute we will need 800 billion rupees for all India vaccination for which government running with 500 billions only.
Construction and Steel sector can show some magic as Chinese steel consumption and demand is on record high, nevertheless we need to BUILD BUILD BUILD. After all this two only constitutes 25% of GDP.
If Sitaraman stick with her ethenol by cancellation of sugar export subsidy decision for one more month, den sector gonna suffer badly and gov. will have end this by another package for Ganna farmers. Whoa!!! but Brazil already started dumping it's sugar to Europe and ASEAN by increasing Sugar: Ethenol ratio from 38:62 to 45:55
So here we are late.
Our Tech giants are at all time High's (even after Pink slips storm) and no further increment in order book available as major client industries like aviation, banking not willing to try any system renovation.
So for this quarter it will be better to book heavy profits and Hug the bear, else hold the HODLer's stuff. ❤❗❗
If somehow consumer durables, Hotel and entertainment, automotive, Construction sector gear ups nifty can break its all historic resistance and we will see fresh trend pattern.
But it still looks impossible in short zone as Indian covaccine gonna launch by feb as ASTRAZENECA said. Market still need one BIG stipules, which government can't afford.
As per Serum Institute we will need 800 billion rupees for all India vaccination for which government running with 500 billions only.
Construction and Steel sector can show some magic as Chinese steel consumption and demand is on record high, nevertheless we need to BUILD BUILD BUILD. After all this two only constitutes 25% of GDP.
If Sitaraman stick with her ethenol by cancellation of sugar export subsidy decision for one more month, den sector gonna suffer badly and gov. will have end this by another package for Ganna farmers. Whoa!!! but Brazil already started dumping it's sugar to Europe and ASEAN by increasing Sugar: Ethenol ratio from 38:62 to 45:55
So here we are late.
Our Tech giants are at all time High's (even after Pink slips storm) and no further increment in order book available as major client industries like aviation, banking not willing to try any system renovation.
So for this quarter it will be better to book heavy profits and Hug the bear, else hold the HODLer's stuff. ❤❗❗