2 top stock recommendations from Aditya Arora
«One more space which market would like is probably IT space which is pretty undervalued, so that looks good,» says Aditya Arora, Adlytick.
A day later what is changing? What are you looking at? FMCG more interesting, anything on that front or any other sector that you are looking at?
Surely a calm day today compared to the action-packed day we had yesterday, so surely a better day. What has changed is that calmness in the market, VIX has come down and FMCG is the new leader of the market for sure. We are seeing a lot of 52-week highs, so technically that points towards a fresh bull market in FMCG space.
Although the kind of standard deviation move which it had in last two days is on the extreme side compared to last let us say 400 average days of the move, so in the short term it has run up quite a lot but if we look at the medium term, then yes still a lot of steam left over there fresh bull market starting over there so that is pretty much sorted and market will take time to decide which new sectors will do well, which sectors will not do well depending on what kind of policy which comes ahead, etc.
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One more space which market would like is probably IT space which is pretty undervalued, so that looks good. And the third one would be chemical space, that is also undervalued.
