The market has continued to increase over the last fortnight to a lifetime high By Mr. S Hariharan, Emkay Global Financial Services
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Below are Views On the market has continued to increase over the last fortnight to a lifetime high By Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services
“Retail long positioning in the market has continued to increase over the last fortnight to a lifetime high, while rich futures basis also points to elevated degree of leverage. On the other hand, the recent rally has been broad-based with Mid-cap & Small-cap indices making fresh highs ahead of Nifty. Given India’s outperformance over EMs & Asia over the last month, foreign flows can be expected to stay somewhat muted for the month ahead. At a sectoral level, Financials & IT have been displaying relative strength while momentum in Autos & Metals sectors has been waning.”
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