After Tuesday's fall, the stock market has made a new record on Wednesday. Both the Nifty and the Sensex touched the new high. Experts say that the market is at the high valuation. Midcap and star camp have become quite expensive. But this time, corporate earnings are expected to improve, which gives support to the market. At the same time, the market also has considerable expectations from the budget. Currently, investors are advised to make investment strategy by keeping corporate earnings and budget in mind.
Wait for new investors
Sandeep Jain, Director of Trade Swift Broking, says that in the high valuation market, new investors should adopt the weight and watch strategy. The market is looking a bit risky for the short term. Looking at the way the market was falling on Tuesday, it seems that a correction of the market can be found soon. However, during the fall, the market will support 10,550-10,600 from the bottom. It is less likely to go down the market. Sandeep Jain says that corporate earnings are expected to be better, while the budget is also expected to remain market-oriented. In such a situation, after the slight correction, the market is estimated to rise again.
Keep budget, corporate earnings in mind
According to Jagdish Thakkar, director of Fortune Fiscal, investors should focus on good-grained good shares in rural themes. In the budget, there may be big announcements about the power sector in addition to the sector. At the same time, Vivek Mittal, CEO of Corporate Scan.com, says investors should focus on budget themed stocks. There may be enough for the Infra and the Rural Sector in the Budget. This is expected to boost auto stocks. Increasing work on Infra will benefit auto companies like Tata Motors and Ashok Leyland. HUL's results have been better. Estimate of good earnings in FMCG sector. In such a situation, good returns are seen in ITC shares.
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