Anil Singhvi: Midcap sector to remain in focus; commodity markets showing unbelievably sharp moves

Zee Business Managing Editor Anil Singhvi today said that his focus will remain only and only on commodity based stocks. He said that iron ore prices have moved up 10% in today’s session in China. He said that commodity markets are showing sharp moves which are unbelievable. It is surprising to see such strong moves in commodity markets.

Singhvi said that he has seen 3 Bull runs in commodity markets but has never witnessed such a strong one in his life. On commodities that are internationally traded, market does not know where supply will come from and still commodity market is rising sharply.

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Singhvi said participants should focus on commodity related stocks which includes sectors like metals, iron ore, mining and also on soft commodities like tea, coffee and sugar. Jute and yarn stocks will also remain in focus. Apart from metals, soft commodities will also see strong moves. Gold prices have also been soaring sharply.

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Singhvi said that Midcap shares are seeing strong traction and participants should take benefit by Buying into good quality midcap companies. He said that midcap shares can see further rally till the end of this month.

Singhvi said that stock specific results will see strong moves. Even if the index will not move on the upside from here and markets may correct from 15050 levels to a range of 14500 – 15000, it should be fine. Stock specific moves will be there still due to the result season.