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Spaces like gas, financials to lead the next move higher: Expert

7 December, 2017 10:59 AM
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Nifty is likely to outperform in this leg of the upmove than the Bank Nifty, says Ashwani Gujral.

The market today rallied on back of short covering and fresh buying with the Nifty rallying 122-points and the Sensex around 350-points.

The 30-share BSE Sensex was up 352.03 points or 1.08 percent at 32,949.21 and the 50-share NSE Nifty rose 122.60 points or 1.22 percent to 10,166.70.

Ashwani Gujral of ashwanigujral.com says spaces like gas, financials and NBFC will lead the next move higher for the market and Reliance could also be one of the leader.

Now with RBI policy out of the way, budget expectations will start, so budget themes like infra, agri, education etc would move up, says Gujral.

Gujral thinks Nifty is likely to outperform in this leg of the upmove than the Bank Nifty.

Mitessh Thakkar of mitesshthakkar.com says today the Nifty has given some kind of reversal and once Bank Nifty starts getting past 25,200, it would also join the move. So the PSU banks are doing well, and the private sector banks would catch up.

Moreover, lot of sectors barring the metal sector are showing signs of traction on the upside in the short-term.

Fundamental and technical experts SP Tulsian of sptulsian.com, R Sreesankar of Prabhudas Lilladher along with others shared their view on specific stocks from the telecom, gas, financial and other spaces.

Also read: India can grow at 8% for next 20 years: UN expert

Source: moneycontrol.com

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