InvestorQ : What is your stock market view for 13 September, Monday and do you expect the Nifty to correct sharply from here? Do you suggest any fresh stocks to buy for 13 Sep?
Arusha Ray made post

What is your stock market view for 13 September, Monday and do you expect the Nifty to correct sharply from here? Do you suggest any fresh stocks to buy for 13 Sep?

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diksha shah answered.
3 months ago
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There has been a sharp rally in the last few days. However, the market has been slowing down for the last few days with the Nifty not giving significant movements. However, VIX or volatility index, has fallen from above 15 levels to around the 13.94 levels. That is a signal that downside risks may be limited, so a sharp fall looks unlikely for now.

There are two types of market rotation we see on Monday. First, is the rotation in favour of mid-caps and small caps over large caps. The other big shift is the shift to defensives. Increasingly, the defensive sectors like FMCG, IT and insurance have been propping up the markets even as investors are neutral towards banks and metals.

On Thursday, the foreign investors were net buyers of Rs.424 crore while domestic institutions bought equities of Rs.704 crore. In terms of global markets, Dow and NASDAQ closed 85 bps lower while the European markets like CAC, DAX and FTSE were flat to negative. SGX Nifty is lower by 50 bps in early trades to fill the trading holiday gap.

Let me come to your query on recommended stocks. I don’t suggest any fresh buys for Monday but you can add my last few days suggestions like Exide, LIC Housing and ICICI Prudential which are trading a little below our recommended prices. All these are solid stocks that you can buy if you have missed out. They look to give 10-15% upsides.
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