Market Rally: Use Market Rally to get rid of small markets. Don’t try to get in: Ajay Srivastava

Enjoy the positive situation, but don’t enter the market on top of the surf. When you surf, you don’t go in on top because you go down. I say stay put today and enjoy the weekend instead of shopping Ajay SrivastavaCEO, Corporate dimensions



Nifty is back to 17100. Are you betting on financials when FIIs are coming back?
Well, at least for the Indians and for everyone, it would have been better if this rally was held on Friday morning, but let’s be honest. It is like a normal market. It will be overpriced and over-optimistic in the short term. This is what we are witnessing today.

In short, I just want to say one thing. It’s a tricky market. This is not a market to buy at this peak. I certainly believe that regardless of where the recovery comes from, when you buy at the top and take profits, this is not a market. You have to wait patiently. If you haven’t bought anything, you have to wait and see when you get the right entry point.

Basically, wage inflation should go down and demand should go down. Fiscal deficit must be reduced The government has already reduced spending. So we need to figure out whether we are buying based on earnings growth or PE expansion.

If it’s the former, you might have a better time doing it. If you are buying just to spread PE, you need to think like a trader. The only part I don’t like at all regardless of industry is retail.

Back to advice stories

Considering the growth trend of the economy, we are talking about a growth rate of 7%. When the economy is growing at 7% and larger companies are looking to grow near double digits, there is no way small caps can survive. Our model is simple. Get out of small caps. No matter. There might be the odd good story. Remember that you can get rid of small caps only on a good day. So today is that day. just hold your hands; In my opinion, it is not worth buying in today’s market. Let the float die down and then you’ll have time to shop. There will be plenty of time to buy stocks between now and October. As we enter the festival season, remember that patience is a virtue. Enjoy the uptrend but don’t enter the market at the top of the surf. When you surf, you don’t go in on top because you go down. I say stay put today and enjoy the weekend instead of shopping.

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