Given the high valuations, sector rotation is an effective strategy. This involves reallocating investments from overvalued sectors to those with more attractive valuations. For example, while IT and Financial Services have seen significant run-ups, sectors like Pharmaceuticals, Infrastructure, and Energy still offer attractive entry points given their growth potential and alignment with India’s economic development.
Tech view: Nifty forms long negative candle, minor dips towards 23,800 expected. How to trade tomorrow
According to Nagaraj Shetti of HDFC Securities, the short-term market outlook remains uncertain due to ongoing volatility. A substantial upward rally is unlikely until the
November 7, 2024