DAILY VOICE | Banks, commodities & industrials will be in focus ahead of Budget 2021: Dipan Mehta of Elixir Equities
Broad market revival is expected and sectors sensitive to the economy such as banks, commodities, and industrials. These have underperformed for many quarters and the trend may reverse, says the Director at Elixir Equities Pvt Ltd January 10, 2021 / 11:52 AM IST
Dipan Mehta, Director at Elixir Equities Pvt Ltd, is of the view that sectors sensitive to the economy such as banks, commodities and industrials will be in focus ahead of the Budget 2021. He also expects a revival of the broader market.In an interview to Moneycontrol’s Kshitij Anand, Mehta says he finds the trends in the primary market disturbing because he doesn’t see the logic in the present system of significantly higher reservation for institutional investors at the expense of HNIs and retail investors. Edited excerpts:
The Company’s main objective is to carry out life and medical insurance and reinsurance activities under its license issued by the Qatar Central Bank, and any additional insurance activities
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Yoganand D
BL Research Bureau |
Updated on
January 07, 2021
Investors with a short-term horizon can buy Indian Hume Pipe Co. Ltd. (IHP) at current levels. The stock has been on an intermediate-term uptrend since the stock took support at ₹101 in late March 2020. After a medium term corrective decline in the months of September and October the stock took base at ₹153 in early November. Subsequently, the stock changed direction triggered by positive divergence. The stock has been on a medium term uptrend since then. The short term trend is also up.
On Thursday, the stock surged almost 6 per cent accompanied by above average volume, breaking above a key long-term resistance at ₹200. The recent rally has strengthened both short as well as medium term uptrends. The daily relative strength index has entered the bullish zone from the neutral region and the weekly RSI has also entered the bullish zone backing the uptrend. Targets are ₹223 and ₹227. Traders with a short term v