Said, that the Nifty would find major support between 4,256 and 4,225. He suggested taking long positions in July.



He said, “Clearly infrastructure is the buzzword. There is going to be a lot of accent on it, it is a no-brainer as far as interesting sector goes.”

Though the rate of FII selling was alarming, India was still a “sweet spot” for investors, given the World Bank news about India probably being the fastest growing major economy next year.

“The overriding event for us in the Indian stock market has to be the Budget coming after this huge mandate and the huge expectations riding with it. I am sure in terms of actual moves it may fall short of that but it’s the language.”

Malkani expects the Nifty to trade in the range of 4,100 - 4,400 prior to the Budget. “I don’t see it breaking 4,000 easily.”



He recommends buying into general infrastructure and sugar, agriculture. Tulsian is also bullish on IT, “given the ID card allocation most of the technology companies will stand to gain.”


source: MC