Market insight: Sushil Kedia, Founder of Kedianomics While talking about what should be the strategy in the market, he said that bad signals were already visible in Bajaj Finance. Today there has been a sharp decline in this stock. This decline may increase further. It is possible that this share may fall to Rs 600. After falling to Rs 600, this stock could once again reach Rs 1200. Apart from this, it would not be surprising if there is a decline of 50 percent in Matthoot and Mannapuram also.
Advice not to invest in any NBFC except JIO Financial
At this time it would be advisable not to invest in any NBFC except JIO Financial. Hold on to JIO Financial for 30-35% upside. Apart from this, it would not be advisable to bet even Rs 100 in NBFC shares. Their cycle has been completed. Sushil Kedia says that the boom cycle of NBFCs as well as PSU banks has been completed. Now price correction will be seen in these also. These shares may fall by 25-30 percent.
Avoid trading in Vodafone Idea, hold on
Vodafone Idea is back above Rs 10. This was Sushil Kedia’s favorite stock. He advised to buy this share at Rs 7. While talking about this stock today, he said that trading on this stock should not be done at all. We will sit holding whatever is there. When the price reaches Rs 18-20, it would be advisable to sell at least half the goods.
All defense stocks are good
Talking about defense stocks, Sushil Kedia said that all the defense stocks are looking good. The government will spend heavily on defence. The strategy is to remain invested in defense stocks. Most of the railway stocks will also be seen running away. Trading is not advised here either. Grab the defensive stock you like and take a long view.
IT shares will double after trade deal
Sushil Kedia believes that the 2-2.5 year cyclical correction of IT stocks has been completed. Now these stocks look good from a long perspective of 1 to 1.5 years. During this period HCL TECH and TECH MAH will increase by two and a half times. Infosys which was priced at Rs 1200-1300 seems ready to go back to Rs 2000. It may touch this level before Holi. In TCS, a price of Rs 3700-3800 can be seen only in the trending time frame. In a period of two years, a level of Rs 4500 is also possible. There has to be a trade deal with America. IT shares will double after the trade deal.
Talking about his favorite stocks, Sushil Kedia said that Paradeep Phosphates I got the boy signal triggered yesterday. A rise of 60-70 percent can be seen in this stock. MOIL Correction has also been completed. Now this stock is ready to rise further by 60-70 percent. Kaynes Tech I too got triggered. This share can also give 60-70 percent returns. after a big correction camlyn fine Ready to run again three times.
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