Quote on Markets are at all time highs, is it a good time to Buy or Sell? by Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Markets are at all time highs, is it a good time to Buy or Sell? by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Markets are at all time highs, is it a good time to Buy or Sell?
Today Nifty has broken the all-time high of 15904 and made a new highs of 15945 on back of positive global sentiments and better than expected results from IT sector. Nifty is trading at 15940, up by 86 points (0.56%), and Sensex at 35955, up by 291 points (0.80%). IT sector was the star performer since the last two trading sessions and today, S&P BSE Information Technology is up by 1.38% on back of above expected results by IT companies while S&P BSE Capital Goods is up by 2.05%. Larsen & Toubro is up by 4.2%, HCL Tech up by 4.72% while Banking and Pharma sector are consolidating.
We expect the market to remain in momentum and we may see some consolidation in the Pharma sector. We suggest retail investors to stick to quality midcap & large cap stocks as we expect them to outperform the market.
Above views are of the author and not of the website kindly read disclaimer
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
