Stock market strategy: Gautam Shah of Goldidas Premium Research still believes that the Nifty remains in the market shopping at a 50 decline. However, he also believes that it is only for those investors who can last at least six to twelve months in the market. He said these things in a conversation with CNBC-TV18. Gautam Shah said that according to which domestic investors had saved the market, the Nifty would have been even down. He believes that domestic liquidity of ₹ 27 thousand crore every month kept the market and if this liquidity was not there, the Nifty would have been at least 15% below the current level. By the way, Gautam Shah is seeing a good chance in the Chinese market instead of the Indian market. Although he also says that India will get good returns too, but less than China.
Until this level of Nifty maintains, no tension
According to Gautam Shah, according to the level, this is a chance to shop. He said that the level of 24200 to 24400 is very important for Nifty 50. This is the support area, on which as long as the Nifty remains, Gautam Shah believes that whatever negatives about the market are, it has merged into the market and the market will slowly go up. Gautam Shah believes that the GST reform can provide good support to the market.
The advice to stay away from these sectors is visible in them
Gautam Shah is positive about the Nifty but he has suggested that at the moment midcap and smallcap shares except Nifty Trading are good and the same sector can perform better in the next 6 to 12 months. Sectorwaise he said that the recent boom in the auto sector is real and the Nifty Auto index may show a further jump of up to 15%. However, despite the recent rise, he believes that it is good to stay away from FMCG stocks. He said that the problem with FMCG is that it shows the health of the economy and despite the underperforms from October last year, his valuation remains high. Gautam Shah is seeing an opportunity to invest in the service sector instead.
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