2 large-cap stocks Sandip Sabharwal is bullish on for near term

economictimes.indiatimes.com:

«Selling depends on whether you have some cash on the sidelines or not, because the longer-term prospects do not change. So, if you have 10-15% cash on the sidelines, then you do not necessarily need to sell,» says Sandip Sabharwal, asksandipsabharwal.com.


What a magical Buddha Purnima it turned out to be, seems like the June 4th magic was struck yesterday itself. But where from here, do you think it is as good as it gets or do you think the short covering bout and maybe some long addition has only started now and the rally could very well have more legs to go?
As always, I have maintained that what the Indian markets do because most markets globally are heavily overbought in a way will depend on global cues.

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We saw that yesterday, like for a couple of days, US markets have been selling off, commodities have been under some sort of pressure, the dollar has been stronger.
These are not good indications for the absolute short term. So, I think for someone who thinks that markets can go up in a straight line, I do not think that is going to happen because valuations are no longer cheap, like they were not cheap for some time, but they are getting more and more expensive and yesterday's move to a great extent in my view given the large FII buy figure which we saw was