Indian stock markets recovered sharply after opening with a deep gap down. While the Sensex was just above 59,000 while the Nifty 50 was nearing 17,600 in afternoon trade. Hotel and travel-related stocks created some buzz while metals and PSU banks dragged the street. Likhita Chepa of Capital Via Global Research spoke to Money9 and gave her insights on factors investors should keep in mind while devising trading strategies.
“Profit booking in sectors which had run up in the recent past has caused the decline in markets, however one must use a buy on dips strategy to invest in markets. In terms of sectors, for long term realty and finance are expected to lead the markets. In terms of the near term of six months to a year, it will be the unlock trade that will be in focus as more reopening of the economy, relaxation in Covid restrictions and increased pace of vaccinations is causing will lead more people to spend on travel,” she said.
EaseMyTrip | Buy | Target: 725 | Duration: 12 months
Mahindra Holidays | Buy | Target: 275 | Duration: 12 months
HDFC Life | Buy | Target: 820 | Duration: 15 months
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