Prashant Khemka, Founder of White Oak Capital Management, anticipates a shift in performance between cyclical and defensive stocks. The Budget may reinforce this phenomenon. Khemka advises maintaining a balanced portfolio, emphasizing stock picking over top-down calls. He also notes the potential positive impact of income tax savings on demand and broad sectoral benefits.
Positive Breakout: These 3 stocks cross above their 200 DMAs
In the NSE Midcap pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 5, according to stockedge.com’s technical scan