Key Points
I think that is the advice that we are putting out to our clients as well.ETMarkets.comSo the best case scenario is we stay stuck in a range and therefore I think the rest of 2023 is going to be a stock picker's market because mid caps and small caps have outperformed on a relative basis...
So I think whatever has happened is very normal, even the Bank Nifty has reversed from that 38500 level and we have seen these bounces a few times in the last couple of months and they have just acted as a trap...
You cannot compare the downtrends of the last 20-25 years to what has happened in the last 18 months because in one sense the mid-caps and small caps have been in a downtrend since October 21..
It is just that the Nifty made a new high of 18900 in November-December and therefore you cannot call it in a bear market or in a downtrend...
What's the view when it comes to those defensives because FMCG you said is in a downtrend and pharma at new lows so what is the strategy right now?.
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