AHMEDABAD: V K Sharma of Anagram Stock Broking said momentum is continuing in the markets…

From the fundamentals as well as futures perspective, how do you view Tata steel and SAIL?

Sharma: What we are seeing currently is purely liquidity chasing stocks.. I think we are going to see a reduction in consumption of steel in the balance of the current year… therefore we will not touch the sector…

If you are looking from a traders perspective, I think among the lot, these two stand a better chance of doing well…what we need to tell traders is that the sectors which have done well in the current month may not do well in the August series as well… that relationship is not at all established…

Nifty at about 4,570 – would you say the time is ripe for shorting it?

Sharma: I would say that the momentum is still continuing, and the trend seems to be on the upside unless you see a break of let’s say 4,400 on the Nifty…

M&M, DLF and Unitech. How would you play these?

Sharma: I am not sure about the real estate pack but auto as a sector is looking up as they are enjoying better margins…Mahindra is not comparable because of Punjab Tractors… two-wheelers are doing much better than four-wheelers…so there is no need of worry…

We would rather put our money in stocks that have already seen some traction in sales like Gujarat State Petronet where not only have the volumes gone up, future projections are also good in terms of orders… and rates have gone up.

I think we need to separate these companies, and investors should look at companies that have shown good profits and sales…

If you look at the frontline IT and real estate stocks, What is the bias this time – long or short?

Sharma: I think slightly more long… in tech, it is clearly more long and in real estate also, mildly long… currently real estate is poised well…

source: UTVI

Tags: bullis stocks, market bullish, will nse go up, will sensex nifty go up or down

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