Time for Tata Steel, Hindalco to join metal rally; prefer Ashok Leyland to Tata Motors: Sanjiv Bhasin

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Key Points

They could be the trendsetter for further upside and when the markets stop falling on bad news, that is the time one has to wake up and understand that the trend is your friend, you can catch these falls and make money on the upside...

Keep adding to your portfolio, stay put, do not keep watching XYZ because only by staying put and being invested, will you make money. Toh agle hafte 15 tarikh ke baad, second half mein new high aane wala hai, aur jo underperformer hai, Reliance, HDFC Bank, they will catch up (Next week, after October 15, there will be a new high in the market and underperformers like Reliance, HDFC Bank will catch up)..

It is now the time for Tata Steel, Hindalco to join this rally because the dollar is headed lower and commodities will do very well in the coming quarter...

The market is discounting now that the Fed maybe going to cut the rates by the end of the year, and the rally that we have seen in bond yields is slowly going to ebb out because more and more money in this sphere has gone into bonds and that has got the yields lower...

Well, those stocks are already on fire, Indian Hotel, Indigo; but I am very bullish on the metal space, particularly Tata Steel and Hindalco..

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