Is this the right time for bottom fishing? | CA Rachana Ranade

"Modi G will come up with something like a 100 days agenda and again see Market I believe definitely acts on multiple emotional things okay so one is fundamental and one is emotional so if something comes up for the 100 days agenda both on fundamental fronts as well as emotional fronts I personally believe that could be a you know a big trigger again for the market"

"he said very clearly that defense was and will be our was is and will be our Focus he said that very clearly during his speech he said that yes we are definitely confident and we are very much focused on the fact that we should be increasing our defense exports so he was absolutely in for the overall defense story as well"

"yes of course he also mentioned about green energy as well absolutely"

"so whatever was today's low ideally again should act as a rock solid support I know I said yesterday that 23,000 should ideally be a good support and why did I say that I said that based on the exit polls okay and I'm sure any person would have said that only based on exit polls yesterday today's results definitely came in as a big surprise to a lot of to almost everyone I should say right so I personally feel that now election results are like a non-event for the market it has now been what do we say like like a BJP win was factored in whatever was factored in has now been I mean that effect is over now okay so today's low has to be marked by everyone I personally believe that this ideally should act as a strong support and I somehow personally feel that Market's going way below this I really have a big big question mark on that"

"first and foremost is q1 results okay it there is still one month to go so there is a great possibility that unless and until we get some big trigger of course we will we will not you know rush into anything but we have to understand the fact that there are a lot of triggers which are still pending if you want you can write down these three triggers which I feel are going to be the next big things number one are the q1 results because that will tell us that one is the political you know way because of which policies are formed because of which corporates get some boost that is one part of the story but the second part of the story is that are corporates able to deliver are they able to give Topline growth are they able to give good IID down margins are they able to give good Pat numbers so all these are definitely going to be checked now"

"the second big thing apart from q1 results is going to be budget okay that again will happen in the next month so two big events coming up in the next month number one q1 results number two is budget"

"if this government is actually able to pull off what they have promised big decisions will be taken if they are able to do that then I feel next five years don't worry next five years yes still markets can reach higher highs okay and it will reach higher highs those who are here for a very short term you should be scared but if you are here from a long-term perspective 3 to five year perspective these are days when ideally of course on one side somewhere bottom of the heart I definitely would have felt that are yeah yesterday so many stocks were like at skyh high levels and today where are they I should have sold yesterday everyone will say that only I should have sold did you sell no gone okay"

"is it all over for spaces like defense PSU whatever you know uh rail uh it could be infra it could be telecom is it all over no I personally feel absolutely not a lot of Buzz was being created around consumption theme now consumption is a theme no doubts on that but I again personally believe that with Modi 3.0 coming into Power if they are very focused again on those same themes I still believe that those same themes May outperform"

"why was consumption theme absolutely doing well today if you see if you saw something like in h was almost 5% up to dat why it was up for a simple reason that if things go down south let us switch to sectors which are like election proof sectors so even if Congress comes into majority or BJP comes into majority something like a consumption stock like H consumption is not consumption obviously uh I actually britania was in my mind then Mari biscot came into my mind and I said consumption okay but something like well something like britania anyways that is just something not I mean it has got not too much to do with the government right so it's it's like it's like an uh you know election proof theme kind of a thing and that was the reason why fmcu was absolutely strong today but I hope I'm very clear with my thought process I still personally believe that yes if you are a long-term investor please don't worry about today's fall"

"what do you think about power sector what can go wrong with the power sector again same old story if this government wants to focus on the same themes like infrastructure like on atbar bat like on manufacturing power is must"

"PSU Bank be again if you feel that PSU Banks again like I said right whatever is beaten down today if if you are having a three to five year view of course why not"

"fundamentally even today I love Rec and PFC"