While the sensex is surely getting back to its glory and the market watchers are of a view that sectors like IT & FMCG will continue to stay in the limelight. However, almost all the sectors are touching unexpected targets at this moment but the analysts expect the trend to continue especially in the small and mid-cap stocks.
Harendra Kumar, head-institutional equities, Elara Capital said that he expects the Nifty to touch the level of 6,000-, 6050.
However, Kumar also mentioned that it will face a stiff resistance at that level. Kumar also said that the consumers could increase their exposure to sectors like FMCG and IT rather than the heavy ones as they are sort of defensive in nature.
In fact, Prayesh Jain, AVP-Research (fundamental), India Infoline said that he expects RIL to lead the next rally of the markets and expects that it will take the Nifty to new heights in the coming days.
However, a host of brokers and experts are advising the small retail investors to stay away from the markets for the coming few days as a lot of volatility is expected to come its way.
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