So currently a palm oil move indicates there should be some momentum. I would be a little wary of this momentum trade on FMCG so we should avoid these stocks. The only FMCG stock which is coming up on our radar is Emami Ltd. which has broken out and is still holding on.
Midcap, smallcap valuations still overpriced despite recent correction: Shibani Sircar Kurian
The private sector banks, particularly large-cap ones, appear to have valuations that accommodate current headwinds. Large-caps offer attractive investment opportunities compared to mid-caps and small-caps,