If we last for you, you are very suffering in the entire banking theme and you say banks lead the full time in the market. Today, in the last few months, we see that private banks, and in other phases, the banks of the PSU led the charges. If you need to take your favorite theme inside the Finance Packing, is it private, PSUs, or now that you move to focus on NBFCS?
Gautam Shah: Faithful in terms of valuations and chart setups, I will go with PSU banks. You still get some of the top PSU banks in 7-8 pe, unbelievably in these prices and classes in the earnings they have. Chart setup remains strong. Ratio charts are in shape. If the banking index should keep good from here, which is my view, and is likely to be closer to the level of 60,000 bajaj financies, all the financial financial follows, the PSU finance is followed by the Baj
Third of the list can be private banks not because I don’t like it, but the fact that they can’t do the most normal returns from levels. So, that’s my picking order, PSU banking, NBFC, and then private banks.
What do you look at gold and silver? Dear metals follow different patterns today. But what looks better, gold or silver or both or not?
Gautam Shah: The last year-and-half is all about gold. Gold doubles in value. We started it with goldilocks at the level of $ 1800 and we played it up to $ 3,450-3,500 and we just let it last month because I felt a bit oversee. Most positive prices are sold and it turns into a longish round of consolidation to continue.
But in the last few months, we were in extreme silver flow. It has become better than gold after a long period of time and greater than 20-25% of silver moves come. So, if you have gold gain, it will be a good time to top up silver. Looks like a big mega trend comes for this commodity.
What is your target price for silver in time this silver bull platin comes to its climax?
Gautam Shah: The last rakesh ji (jhunjhunwa) often said the chick is more important than greatness. I don’t want to give great numbers, but if everything is like a plan, if you need to have 12- to 15 months target and $ 50 in silver the most higher target. Now, that’s a good 40-45% thanks from today’s prices.Markets are in an interesting juncture because we just talked for June, markets spend most of the time consolidating a 700-point range even if we made a maker to quit that. What is the best method of adopting today? The reason I asked this because sometimes in technicals, it’s good to ride the trend, sometimes it’s better to sit on the trails and sometimes good to play some modes of playing options. What is the best trading strategy and data points, what do traders look at this point?
Gautam Shah: Creation of wealth made only at market time and time in the market. I think that’s most important and important to ride the trend for many weeks and for many months. While we have released most of our Goldilocks notes, recently with a cricketer test now, because if you start to go daily to go daily, you can’t go into many steps playing today. So, with most of the local and global stresselessness of the past four months, do not think about the next 10 days or next 15 days or 30 days. It seems that if the market is being tested for the next three to six months unless there is a box that occurs in the world we do not know. But at every current setup of the chart, plan for the next three to six months and remain as long to invest, and seek the big trends, and find more trends, and the market is looking for you.
Was that view and the strategies that need to adopt the consumption space when you have been mad since last one year or more? We see a lot of pushing from the government, but consumption in rural areas do not seem to be taken. Do you believe this WAIT-and WAITH approach-and-watch can also work for consumption and maybe we can give a good return, we tell six months a year.
Gautam Shah: I don’t think because the problem is that the ratio charts are less shape and the same point I have done before, no more ones go to the Pickup of Indian economy.
Allowed to all, I don’t want to do the capital of FMCG and consumption on a general basis. Many of these stocks are more expensive, you can continue how the Asian paintings are a great company, but no return to three, three questions raised in 10 years. So, where the action is, where the strength is, where the bases are, and where is the market on the basics and I mention three or four pockets we want.
