ET now: That’s a big question, what is next to markets? What level of attention should you pay attention to, whether they are benchmark indicators or wide markets? And I can see a very big smile on you. What does it mean that this is the time that you all go ahead and invest or you say, no, no, wait, hold.
Aditya Agarwala: Answering, being very honest, this time, because the support is breaking is a difficult question to answer. By last week, we held 22,500. This week that supports the support level very easily and we are about 6% down for this month, if we take a look at the index it is a significant improvement.
If I take a look at a large-time frame and firmly think that the markets may be for major improvement, things do not appear at all of them at this time, maybe somewhere close to 21,600 or 21,700, which will be the next immediate support level for the index. But by saying so, you have to see a big picture.
If we are planning to build a portfolio for about two years for the next one year, look at the fact that another 500-point correction cannot be ruled out, you are looking at at least 2,000, 3,000-point UP and easily on the Nifty. Therefore, you have to call on what your time is the horizon, it will really define whether you should start investing now or later. If you are just looking perfectly from a business point of view, then certainly the markets still look like there are some more losses left.
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And by that time I see the price action and the confirmation of the prices on the indicators that confirm that the bottoms have been placed, I do not like to play a long business for the merchant’s condition. Although the indicators indicate that the markets are oversold, but yes, the price has to be confirmed. So, I believe that if we are planning to build a portfolio on largecap stocks, there is no doubt that the markets have improved slowly, see quality names, and markets. So, if I am looking for a portfolio for a two -year or one year horizon, it’s the right time to start making portfolio. Do not absorb the voice that you are listening around the street right now, and usually it is towards the vague end of the improvement that the sound of the sound is definitely on the streets that are heard.
ET now: Let’s talk about a big headlines for this week, especially for an area that really moved to the coming people and is an ultrate. They have decided to get into the cable and wire segment. Remember what the whole group did with the Paints industry with this Birla Opus launch. They have also gone to the jewelery segment. Now it’s cables and wire segments. In its light, how should all these companies really look at all these companies, including ultrakes and incubants, as many of them have seen a very intense improvement.
Aditya Agarwala: It was an additional reaction. I don’t think UltraTech is a big player and despite the fact that he could disrupt the market, the stocks were guaranteed to improve 20-20% yesterday. But clearly, the management also said that it would not happen soon, it would take at least two years or three years to establish the market, distribute itself and get all. Therefore, it’s a chance. If I go through the chart set by the chart clearly, both are good bats. Yes, the front damage cannot be ruled out, but most correction is done in polic AB B and KE. Therefore, I would not mind entering the current level at both stocks, instead I will stick to my neck and take some risks to both of these stocks and these two stocks will be long, maybe not buy at least 50-60% at the current level and if you can improve more than 5% to 6% in the next week. But, by saying so again, I want to repeat that there are polycab and good opportunities at this level. They (10: 26) have given you the opportunity to Deep Correction, so push them forward because maybe these stocks do not trade at the current level and you can see higher levels of higher levels in the next six months.
ET now: We’ve talked about cable and wire segment. I wanted to understand what is your elections for next week? What should anyone be careful?
Aditya Agarwala: I go a little contradictory at the moment. We can be in a short cover rally next week because of the extreme oversold level we are sitting. The back is completely in front of the wall for bulls. Therefore, there may be some kind of recovery. So, I go for two long business. The first Abbott India is stock. Shares really have a field in these weak markets and look stronger on strong steps. Therefore, stocks that still do strong trades can gain a bit more pace next week. Therefore, Abbott India has purchased for me for a target of 32,500 on the sidewalk, with a stop loss around 29,500. The other is a metal pack and, surprisingly, metals hold ground this week, especially some stocks. Therefore, Hindalco is something that looks interesting to me at the current level. Someone should actually look at Hindalco for a target of 660 on the sidewalk with a stop loss at 618 o’clock.
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