Go light into January rally and use next pullback as entry point: Rohit Srivastava

economictimes.indiatimes.com:

Rohit Srivastava, Founder, Indiacharts.com, says “there is some level of caution in chasing the same parts of the market that have been doing well. But that is where you would want to participate, see if there is a correction in the market, you would want to be in the PSUs or the realty sector and even the metals that have started to pick up now. It is just that the current levels and setup tell us that we should not get carried away by the FOMO effect of markets.”
We are at lifetime high yet again. Bulls are charging again. What do you think about the levels going forward for the Nifty as well as the Bank Nifty?
Rohit Srivastava: Remember this is the year-end holiday period.

We are getting the moves across markets which are typically seen around this time, it is a seasonally bullish period that takes us into the early part of January. What I would think is the markets may continue to attempt going higher towards maybe 21,600, 21,700. But we retain some level of caution heading into what is usually a seasonal high in markets around January of each year.

Therefore, we would really want to stay slightly light into this rally. And then only use the next pullback as a better entry point. So, it has pretty much run its course.

We may be in late stages of this move. And therefore, we should have some degree of caution built into our trading.

Which are the sectors you see value in? Even Nifty Realty was at record high this year as well. Where do you see value and also do you see the momentum continuing for midcap as well as small cap indices relative to the Nifty benchmark indices?
Rohit Srivastava: So when you get a strong move, typically midcaps and smallcaps outperform.