A very happy Valentine day to all our readers! The market today also seems to be in the good mood and ready to reward Investors.
US markets recovered from their lows on Friday. This was supported by rebound in Oil prices and good numbers on the economic front. Asian markets are expected to trade in the positive territory today . We expect Nifty to recover from its lows.
As we approach the Budget we expect positive news flows from the Government of India. Prime Minister launched ‘ Make in India ‘ campaign . With the push from the government and effort to facilitate investment the outlook for the Indian economy looks positive .
China central bank made it clear there is no need for it to depreciate its currency any further. The fear over the slowdown of China has been overdone by the financial markets.
Nifty trades should exist all shorts and enter into long positions . Investors may start accumulating HDFC , L&T , TCS and Tata Motors. The sell of on Tata Motors has made the prices look attractive .
Any upmove in commodity and metals space should be used to exit these sectors .