There’s no missing the bus in market; metals a contra bet & 2 largecaps to buy on dips: Sandip Sabharwal

economictimes.indiatimes.com:

Sandip Sabharwal, asksandipsabharwal.com, says “there is no missing the bus in the stock markets. You miss the bus, another bus comes after some time, you catch that. So, this entire FOMO thing is bad for health. Secondly, I am not predicting a major fall in the market. I do not think that the economic outlook, the interest rate outlook and inflation outlook which is there today represents the possibility of a big selloff, but there will be corrections. As those corrections play out, that time should be used by people to buy.”

Everybody is feeling FOMO. But do you think for those who are not getting hit with this FOMO effect, will actually feel JOMO if they do not buy now?
There are people who bought early, so they are not feeling FOMO. That is how we need to see. Now, I will say that the FII flows follow a very structured pattern. So, it was very clear that as the bond yields globally peak out, as the dollar index starts declining, these fund flows will reverse. So, it was a matter of time and it is happening now.

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Now, the pace sometimes surprises us. So, obviously, if I have not had the exact number, but you said Rs 30,000 crore in December, obviously it is a huge number and once that happens, it drives the largecap valuations higher and that is the state we are in. But markets are looking to test near-term highs, not only in India but also globally.
So, some giveback is possible. But in bull markets, givebacks typically last a few weeks and corrections are swift but