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Nifty - Good time to enter(22k) or stay away...

IMO, FII have started selling and all good news have been factored in. If FII continue selling, feels like upside is capped. Any bad news will take Nifty to 24k.
 
@desiviru What's your outlook on Defence (Stock) Basket - Short, Long, Mid term....
When there is euphoria, people tends to forget fundamentals. Currently, with defence stocks, it is same.

A company with as little as 25-50L in order book is rising like they have 100 cr in order book. So have a balanced approach. Look at the fundamentals and invest in it but do exit 50% if you see it rising 30-40% and keep other 50% for much longer term of say 10 years.

Short term to mid-term defence stocks will be running blindly. Buy on dips.

Currently the overall market perception is neutral. Nothing much on hands to boost it to previous highs. At same time nothing much negative to bring it to recent lows. Overall I will wait for 20K for re-entry no matter it comes in 1 year or 3 years but it will eventually come.

I can afford to happily sit on cash and FDs and gold/bonds I already have.
 
@desiviru , What's your view on June RBI MPC !
Rate Cut !
Impact on market 🤔
Bond and Fixed Income Market.
No cut this time around.

Next policy it will cut by 0.25%.

Impact on market as a whole will remain on lighter side with Nifty hover between 21500-26000 for next year. Nothing much on hands to push it above 25500-26000 and not much negative too to bring it below 21500 until unless some mad brains lose their mind. Current situation of planet is not positive at all. So stay cautious. Use any opportunity of profit to book it.

Maybe this year I wont enter markets at all either direct stock or MFs.
 
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