Surgical Strike 2.0 – Go for bargain hunting.
IAF Jawans has provided fitting reply to POK terrorist and we salute the patriotic movement to save from them. Our market initially went on steep correction and then the roll back happened little later.
Consider the market behavior we have little impact on market due to surgical strike. The market is slowdown due to upcoming election and we are sure some mid and small caps stock will fly great height when the market reversal happens. One of the stock we want to highlight was “La opala RG”. The stock was hammered due to no reason and the sales was intact. Their new capital expansion is on the way and consider the expansion, the stock will grow 2x rate from here. We recommend to add on dips.
Go by valuation and do bargain hunting on this market correction. We expect the market NIFTY trade between 10650 to 10950. Tossing above required strong political change or major push from government.