«Now it is high time and looking at the patterns and volumes, it looks like there can be further upside to all this realty and infra stocks even considering the budget is on the next week,» says Vishal Malkan, malkansview.com.
Let us start with your view coming in just on the overall benchmark indices as well as in terms of if you would look at the Nifty Bank also what is it that we are watching out here?
Vishal Malkan: I think Nifty and Bank Nifty are sustaining above the resistance levels which were there for 24,500 and 52,400 for both respectively. That means there is an undertone which is very strong, though the indices are not going in a big way, but we have sector performance and stock specific movement are great, so we should focus on that.
Let us talk about some of these individual moves and especially in the Nifty Realty, what is your thought coming in for Nifty Realty? While obviously when you look at it in terms of a YTD performance overall the Nifty Realty pack has seen a sharp run up. Do we still expect the run up coming in ahead of the budget as well and do you think that infra maybe that is the focus that would be on the budget, that could something be pushing furthermore the Nifty Realty and infra side?
Vishal Malkan: Yes, I think so because if you see, realty