When markets get shaky — with foreign outflows, rupee weakness, and macro uncertainty — many investors rush to “safe” large-caps. But there’s another approach: selective mid-cap investing.
With the major indices Nifty 50 and BSE Sensex showing upward momentum, several large-cap stocks have drawn bullish recommendations — with many flagged as having more than 28 % upside over the next 12 months.
Coforge has shown renewed strength on the charts — the stock recently broke out of a Descending Triangle pattern on its weekly chart, a move that technical analysts believe could open the door for further gains.
A fresh analysis by market strategists finds that as many as eight banking stocks currently offer potential upside of more than 22% over the next 12 months.
India PM Narendra Modi says the Government plans to open the nuclear sector for private participation—a big positive for HCC. HCC board also approved fund raising via rights issue up to Rs.1000 cr. Keep on radar.
NIFTY OUTLOOK: 26032.20 FII -3642.30 cr DII 4645.94 cr
As discussed yesterday, market behaviour remained on expected lines. Selling pressure opened Nifty near our support of 26077 (opened at 26087.95) and it slipped to our level of 25979, making a day low of 25997.85.
1. FIIs net long is 15.59%
2. PCR is 0.72
3. VIX is 11.22 (-3.53%)
4. FIIs sold 3642 cr in cash, 2465 cr in index, and bought 3630 cr in index futures.
DIIs bought 4645 cr in cash.
For those of you who are serious about having more, doing more, giving more and being more, success is achievable with some understanding of what to do.