I wrote the following in July after budget...
Advantage
1. FMCG (ITC, Lever, Dabur), Tech (Infy, Wipro, TCS), Pharma (Cipla, Ranbaxy)
Disadvantage
1. Banks
Sensex might move in the range of 12,000 to 14,000 for the next couple of months. Outperformance days when compared to global trend would come down.
What happened
Global earnings report card was better than what was imagined earlier, hence markets all around the world rallied significantly. I was right in identifying the sectors successfully but faltered in sensex.
What now
Auto ancillary stocks looks good Motherson Sumi, Amtek Auto and Exide might outperform in over next 30 days. Sensex would top out around 16300 - 16800 range in august. I predict that we will have a much awaited correction.
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