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“Excited about the Electro Force IPO. The SME market has taken everyone by storm because there was little participation. The name of the company is Electro Force. It is a consumer electrical play, a B2B play with Rs 18 crore equity and a price earning of something like six-seven times one year forward.”
From a technical standpoint, Nifty50 remains firmly on a rising trajectory. If it continues to advance within its defined and laid path, it may go on to test the upper edge of the rising channel which translates into the levels of 20500—20650 zone. The spikes in the volatility may turn the market choppy; however, there are greater of the breakout getting extended and the Index testing the upper edge of the rising channel. After that, some consolidation cannot be ruled out.
“At these levels, you have to be an investor only if you believe that India will continue to grow from a three, five years perspective. Playing the market from a three, six-month perspective might not be a great experience. You know, renewed volatility is going to be the order of the day.”