BSE-capital goods index has fallen significantly after Larsen and Toubro, country’s biggest construction major posted below-expected fourth quarter earnings. So should you cherry-pick some of the capital goods names at this juncture?
Check out the trading strategies for capital goods and infrastructure space with Dipesh Mehta, derivative analyst at Nirmal Bang Securities.
Smartinvestor : What events are you keeping a tab on to get a definite market trend?
Dipesh Mehta : So far, global markets have rallied at all-time highs while India has been an under performer so correlation has drastically changed. Therefore either global markets will correct or India will see a sharp bounce-back
Dipesh Mehta : In terms of macros, the Reserve Bank of India's monetray policy in June remains crucial.
Smartinvestor : Do you recommend going long on the banking sector?
Dipesh Mehta : I would not advise to go LONG on the banking space as this sector has had a good run-up. Instead one can focus on capital goods and infrastructure stocks like …..
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