Market Outlook With Anil Singhvi: Budget 2021 decoded by Market Guru for investors

Decoding the Budget 2021 for market participants, Zee Business Managing Editor Anil Singhvi said that the best thing about Budget 2021 was that they now know the downside risks. He added that the risks for investors have now virtually got eliminated. Budget 2021 provides a clear indication of its direction, he said.  

Singhvi said that the quarterly results being posted by the companies have been strong and unprecedented over many years. The twin comforts have shifted the base of the markets upward, Singhvi further said. 

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Now the base of Nifty is 13,750 and 14,000. He said that the first support is 13,850, the second support is 13,550 and the third is 13,240. 

It could be a possibility that the Nifty remains range bound over the next few weeks. The next 4-6 months is very good for the broader markets, he said.

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अब बजट के बाद और कितना भागेगा बाजार?

मिडकैप-स्मॉलकैप के लिए 4-6 महीने क्यों हैं अहम?

ITC क्यों बनेगा STOCK OF THE YEAR?

जरूर देखें अनिल सिंघवी का ये वीडियो...#EditorsTake #BudgetOnZee #Budget2021 #StockMarket @AnilSinghvi_ pic.twitter.com/7N7gWbOTwr

— Zee Business (@ZeeBusiness) February 2, 2021

The action is mid cap and small cap stocks is seen when the large cap stocks have already had a free run. The second action comes when the companies' earnings are very strong. When you don’t get enough opportunities to make money in the index or large cap stocks.  

The second situation will now be applicable when the markets have become rangebound. The focus will now shift to the mid cap and small cap stocks, the Market Guru said. 

The difference from previous times and now is that earlier the mid cap and small cap stocks also had a free run but now the investors will have to hold the stock for some time. It will not be the case that if you buy it today, it will gain by 10 per cent tomorrow.  

In the rangebound markets, the investors need to hold on to the mid cap and small cap stock.  

Stocks to Buy with Anil Singhvi 

The Managing Editor is bullish on cement sector. This sector will benefit from the budget announcements for the infrastructure and road sector. He also said that he was selectively bullish on the pharma sector.