Daily Voice | Here is why this investment professional is bullish on auto, power sectors
Earnings support the price movement and the auto sector isn’t expensive, says Akhil Bhardwaj, Senior Partner at Alpha Capital
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Earnings support the price movement and the auto sector isn’t expensive, says Akhil Bhardwaj, Senior Partner at Alpha Capital
Given the current chart structure, short-term volatility is anticipated. The recommendation is to consider buying Nifty 50 near the support zone of 21,550 – 21,500, targeting an upside potential ranging from 22,126 to 22,500 levels.
Karur Vysya Bank has taken a support at 50-day EMA for second straight session. The stock fell 16 percent from its all-time high before showing the current recovery. It has formed long bullish candlestick pattern on the daily charts.
Beyond 21,850, the Nifty could potentially move towards 22,200. Support for the near term is positioned at 21,700.
The Trust Mutual Fund CIO expects continuity in policy after the Lok Sabha elections and is overweight on the domestic economy themes for FY25 as well