Talking about the forward movement and direction of the market and expectations from the budget, Director of Quantum Securities Sanjay Dutt said that the market was very run down. Consolidation is now being seen in it. There is no need to panic. The Nifty has strong support at 13500, it will not go below this.
Sanjay Dutt says that the reason for the consolidation in the market is not domestic. Domestic fundamentals are good, the results of companies are also coming good. Therefore, this decline in the market is not due to domestic reasons. Global factors are the reason for this correction in the market. The Nifty has support at 13500 and will not go below this.
Talking about the budget, he said that the budget will remain positive. After this, the Nifty can see an increase of up to 500 points. The market has already run, so there is no hope of running away. The budget will focus on growth and infra.
Talking about the market, Sanjay Dutt said that for the next 1-2 years in the PSU bank, now a rally can be seen. Invest in Canara, PNB, SBI. Giving an important advice, he said that investors should take care that their investment does not turn into deep value in the process of buying value and you have to get stuck in your investment for a long time.
Sanjay Dutt believes that there are still expectations in the steel sector. Sail looks great, invest in it. In the next 12-18 months, steel companies will do well. There are also opportunities for investment in quality steel companies.
Talking about auto, he said that this sector has run out. It is not advisable to invest 1 quarter at this time. Although the sector outlook is positive, it has become quite expensive. There is no hope of any magic for the sector in the budget. If there is a big fall in this sector, then bet on good stocks. At the same time, invest in realty in stocks that have a strong balance sheet. Invest in DLF, Oberoi Realty, Godrej Property with a long view. The next 2-3 years will be very good for cement stocks.