Anand James shares insights on specific stocks like HAL, Coal India, BEL, and the impact of oil refining companies on PSU stocks. James says volatility has been persistent and VIX has been holding steady in the vicinity of or above 20 for nine days. Downside marker may be placed at 22983, for an aggressive positioning, with further support seen at 22800.
Ahead of the June 4 general election, India VIX nears 30, causing high volatility. Analyst advises caution in investing light amid market rally driven by Modi and Amit Shah s statements. RBI s record dividend payout boosts market sentiments. Watch Nifty and Bank Nifty levels for market trends. Consider diversifying among large caps, midcaps, and small caps.
As it will be the last trading week before the key event, which coincides with the F&O expiry, heightened volatility is expected, says Rajesh Bhosale, Technical Analyst, Angel One.
Indian equity benchmarks closed at an all-time high this week as Nifty touched the 23,000 points milestone amid a strong comeback from foreign institutional inv