Thursday, 25 February 2016

See mkt bottom @6.8-7.2k; FM can relax fisc deficit tgt: Quantum



Sanjay Dutt, director of Quantum Securities, says the Union Budget will be taken positively if the FM indicates aggressive government spending to boost investment cycle

The Indian market is probably going through a bottoming process at around the 6,800-7,200 range, is the word coming in from Sanjay Dutt, director of Quantum Securities. He advises investors to look for good quality stocks at this point as equities will not go out of fashion and India will continue to remain a preferred investment destination.

On the upcoming Union Budget, which will be presented on February 29, he says even if Finance Minister Arun Jaitley relaxes the fiscal deficit target it won't be looked at negatively. The Budget will be taken positively if the FM indicates aggressive government spending to boost investment cycle.

On PSU bank recapitalisation, Dutt says more than the amount that the government can or will deploy in these banks, a real bite the bullet plan — a bad bank or a combination of a bad bank and the bankruptcy law — is needed.
www.Bigprofitbuzz.com


8 comments:

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The Survey has projected a GDP growth of 7-7.5 percent for FY16, and the Central Statistical Organisation expects the economy to grow 7.6 percent this year.
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Rajesh New Delhi said...

This was a good analysis about market bottoming out at 6800. I always urge people to follow technical analysis, as the fundamental news is for big guys and generally by the time it comes down to retail public, it is already taken care of.
For some technical details you may see chartnexus.blogspot.in
also.

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