Sectors to lookout for | Banking | FMCG | Pharma and Healthcare | IT | Auto | CA Rachana Ranade

"last four days since we are out of this channel it has not given positive closing for even one single day that is the only thing which is bothering me right now if we were to continue with this uptrend in a very solid fashion I would have loved if we have some nice green candles with good volumes as well but right now if you see that yes it has broken outside the candle but every single day we are opening every single day we are trying to make a new high today also we made a a fresh high but in fact if you see today's candle this is a classic case of open is equal to high candle"

"Governments do take tough decisions in the first year itself of coming into Power that's what we had seen in 2019 as well tough as which may or may not be liked by retail individual investors so an example could be a tax hike okay but would that really come into reality not sure again on that too early to speculate on things many people were saying that ltcg cut 10% say they they'll you know come into normal whatever we call normal income slabs I really doubt whether that is going to happen or not because even the government feels is what my understanding is that they also believe that yes Indian Capital markets may retail participation has just started there is there is still a long way to go and I think the government would also want to encourage retail individual investors to come into the market to stay in a stock or in an index for a longer index as in index mutual funds or it could be in the form of ETFs they would want to stay invested in a specific stock or whatever for more than one year so discouraging long-term Capital discouraging long-term investment by increasing the tax rate on long-term capital gain I don't feel that really makes sense right"

"if I'm talking about corporate lending I feel that is still going to be on the right track reason being that if during the budget if some big bang announcements are made if uh you know already that that plan is being chocked out on what next what are the government policies this that a lot of a lot of things have already started happening right if that be so I I don't see any reason why the corporate lending should go down"

"fmcg did see a good rally one or two days um but post that not really happy with the entire chart structure per se now see I I've just taken few screenshot so that I can quickly go through certain charts right so if you see a double top on fmcg right now plus fmcg not all stocks are really holding up in fact if you have done my course on technical analysis I've also discussed something like a three black crows pattern that can also be seen on a daily frame for fmcg"

"Fed rate cut is what we got to know that it was expected that there could be three rate Cuts back to back uh but uh right now he has mentioned that you can expect one rate cut this in this calendar year"

"PM mod rolls out 20% not bring States okay right now it is 20% but I somewhere read it that there is a crash there's a possibility that uh they could take take it up to 25% as well if that be so it'll be definitely you know a good one uh for all sugar stocks"

"if the qsr space gives up good Advanced Tax numbers and all the other so so qsr as a space may get reating that it has performed really bad in the last one year now the Advanced Tax numbers are better as compared to the previous ones there is a possibility that this could do better and that is why the sector gets R-rated by the analysts"