Amid selling by FIIs, weak global cues and pre-Budget nervousness on Dalal Street, both Sensex and Nifty lost over 5 per cent last week. Nifty alone is down by about 1,000 points in 10 days. While conservative traders tend to stay light on Budget Days to steer clear of knee-jerk reactions, the adventurous ones are gearing up to ride the storm. We discuss trading strategies for the Budget Day and more in today’s special podcast with independent market expert Rajiv Nagpal.
1) Dalal Street is not going to be calm on Budget Day. How should traders position themselves on Monday morning, especially after last week’s selloff?
2) Sensex and Nifty lost more than 5% last week amid selling by foreign investors. What made FIIs take a U-turn?
3) While the headline index turned negative for 2021, Nifty Midcap and Smallcap indices are still in the green. What is the outlook for the broader market?
4) Several pharma names like Cipla, Dr Reddy’s and Sun Pharma announced earnings last week. Does the pharma growth story look sustainable in 2021?
Thank you Mr Nagpal. That’s all in today’s special podcast but keep checking this space for more such interesting content. Good bye!