Muhurat Trading Special: Here is what market guru Anil Singhvi recommends as market enters Samvat 2081
Anil Singhvi Shares Muhurat Trading Special Strategy: Market wizard Anil Singhvi has shared his strategy for Samvat 2081 on Diwali. He has shared a few of his "dependable" long-term calls along with five spaces set to outperform the market.
As Dalal Street enters Samvat 2081, after the Nifty50's stunning exit from Samvat 2080 with a 24.5 per cent rally, Zee Business Managing Editor Anil Singhvi has shared his strategy for a special occasion, the Muhurat trading session of 2024. The market guru expects the market to remain in a limited range during the course of the new year, which began on November 1 as per the traditional Hindu calendar. He expects the Nifty50 to move within 10 per cent above its current levels, with only up to 10-15 per cent downside.
He expects support for the headline index to emerge in two bands during Samvat 2081: 23,400-23,800 and 21,900-22,100. He has placed his targets for the index at 26,000-26,300 levels.
Additionally, he has shared a few long-term calls for Samvat 2081 along with five spaces set to outperform the market. Read on to take notes and have a prosperous year ahead.
Happy Diwali and happy investing!
Anil Singhvi Shares Views on Samvat 2081 on Muhurat Trading Day | 5 spaces set to shine
The market wizard expects five spaces to do wonders for the bulls on Dalal Street. These are:
Textile to retail
Chemicals
Capital market-related stocks
Big private as well as public banks
Renewable energy-related shares
Anil Singhvi Shares Views on Samvat 2081 on Muhurat Trading Day | 5 global triggers to track
Who will win in the upcoming US presidential election?
When and by how much will the Fed reduce the key US interest rates?
Geopolitical tensions to rise or go away?
Will China's economic situation improve?
Will crude oil prices ease or rise?
How Anil Singhvi views auto space as D-Street welcomes Samvat 2081
The market wizard expects the auto basket to stage a weak performance going into Samvat 2081.
Market guru Anil Singhvi shares 5 Diwali picks; do you have these scrips in your portfolio?
The market guru has shared five 'buy' calls for Samvat 2081:
Buy HDFC Bank shares for targets of Rs 1,900, Rs 2,100 and Rs 2,200
Buy Sequent Scientific shares for targets of Rs 325, Rs 400 and Rs 500
Buy EPAC Durables shares for targets of Rs 500, Rs 650 and Rs 800
Buy ABFRL shares for targets of Rs 450 and Rs 600
Buy Aarti Industries shares for targets of Rs 685, Rs 850 and Rs 1,000
Special views from special expert on special day! Domestic triggers to track in Samvat 2081
The market wizard has listed the domestic aspects worth tracking for market participants in Samvat 2081:
Will corporate earnings improve or worsen?
Will retail participation increase or decrease?
Will FII outflows continue or will inflows return?
Anil Singhvi shares investment mantras for Samvat 2081
Mantra # 1 | Hard Work Will Pay Off
"Wealth will continue to grow. It may be slow and in smaller chunks but certain," says the expert.
"Days of making quick and easy money are gone," he says.
Anil Singhvi shares investment mantras for Samvat 2081
Mantra # 2 | Don't Be Afraid of Falls
The market wizard has a special message for those who fear the market given the Nifty50's 8 per cent fall from its peak in September: "Don't forget, this is the same market where the index grew three times in 4 years after the COVID-triggered fall."
There is no need to panic at all, he says.
Anil Singhvi shares investment mantras for Samvat 2081
Mantra # 3 | Stay Put, Stand Your Ground
"There is no reason to run away. In fact, it is time to participate in the market. We are in India's biggest ever bull run, so have faith in it. There will be ups and downs but don't fear," says the market guru.
"Only those who will stand their ground will end up making money aplenty," he concludes.