jyothiswaroopc's profile picture. Software Engineer . Interested in Stocks

Swaroop

@jyothiswaroopc

Software Engineer . Interested in Stocks

It looks like the evaluations are reverting to mean,the market breaking new high in the near term is highly improbable


Markets won't move forward until the budget is out


The nifty recovery is not reflected in the PF on investors


The broader market shows no signs of recovery


A bad budget this time is gone case for India


Only bank nifty is lower than historic valuations ?


Is the near term bottom hit for the indices ?


Need to see how Electronic Manufacturing industry plays out now ..


Real estate also colls down for couple of years ..


renewebles sector is gone for some time


Already many reports of slowdown


So all eyes on budget


In this env if taxes increased in budget then it gets very tough


Urban consumption is hit already and is visibli in zomato QoQ Growth of bare 2 percent


Slowing of economy and RBI not lowering rates will kill demand


Need to see budget, if more taxes then we are here for long winter


Recovery from here takes time with current govt policies


Having allocation to gold helps in a big way in times like this !!


The correction this time is deep !!


Huge selloff this time wrt to valuations !!


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