4 sectors Gautam Shah is bullish on for near term

economictimes.indiatimes.com:

«You have seen a lot of stock rotation and sector rotation in the recent past and therefore, the baton is being passed from time to time to various stocks and various sectors,» says Gautam Shah, Goldilocks Premium.You are not expecting any fireworks on the index. So do you think that given that we have already popped the bubble, now it is time for a bit of consolidation and that is perhaps inevitable?I think we are seeing fireworks in stocks. I think that is really the best way to describe the markets in the last couple of months.

On the index front, I think we have run up really hard in the last seven to eight days and therefore, there might not be significant room on the upside because the levels of 19,600 clearly will be a bit of a problem from a short-term perspective. But I think eventually the number will get cleared and we are working with a slightly bigger target of about 20,400. But as we have been maintaining for the last six weeks, this is about stocks, this is about themes and this is about sectors.

Index in percentage terms is not going to do anything special. And at the same time, you do have a lot of support on the downside. So there are no signs of topping out.

The market looks very well protected by a number of index heavyweight stocks. I mean, look at what Reliance has done in the last one week. And I do see the IT stocks come back as well.

So the index I think broadly will be in that 18,900, 19,600 kind of a band for the time being. And eventually we head towards a 20,400. But in this very period, I think we are actually focusing on the recent underperformers.