Small and midcap indices could rally 10-15% in next two quarters, says Samco Securities
Updated : February 19, 2019 06:26 AM IST
Small and mid-cap stocks have been correcting since more than a year now and the recent decline suggests they are nearing a bottom from an intermediate time perspective.
Bank Nifty is expected to remain under pressure but the larger consolidation with time correction is expected. For traders, the choppiness will be a nightmare and the index should be avoided.
Private sector banks should be avoided from a short-term point of view. Additionally, the Indian rupee will be in a non-directional mode at least till elections.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more