Metcon Finance

➡️ After seeing an 8% rally as predicted in the December series, we’re now switching to a cautious trading & investment strategy as the Nifty continues to make newer highs, led primarily by PSU sector stocks.

🔔 Valuations are getting more expensive every day and we’re seeing some stocks starting to stay away from their 52-week highs while some frontline stocks make headlines with % gains.

💢 We may see some profit booking and/or corrections in certain sectors and the quicker it begins, the healthier it will be for markets. As we enter a year with 64 elections around the world and one huge one at home, we can expect funds both foreign & domestic to adopt a more cautious approach even if election pundits are already calling the verdict.
💢 The VIX or volatility Index also seems to be slowly inching closer to its 52-week high of 19.39 while staying in the 14-16.5 region currently.

😷 We’re closely monitoring Covid cases from a market perspective for two reasons:
(1) For overall market sentiment and related sectors moving up / down as the case may be
(2) Impact of it on the economy, if any, going forward

⚠️ If you’re a new entrant into the markets right now, we advise caution and allocating only a small percentage of your portfolio at the moment with diversification playing a central role.

Financially Yours,
Shaurya Mehta

Disclaimer: Kindly consult your financial advisor before investing or making any investment decisions. The above is not an offer to solicit or a suggestion to buy / sell any instrument(s). Markets can be volatile and we recommend that you make investment decisions carefully.

With several state elections & the union elections next next year, we expect the next 12-18 months to see series of volatility. We are choosing to maintain a cautious approach to markets. Cherry picking is essential instead of a pan-market approach. Also, with interest rates at high levels, we are looking at mixing our equity portfolio with some debt instruments for positioning ourselves better for when inflation starts easing.

This is our current view. Kindly speak to your financial advisor before making any investment(s).

An era of prudent investment with foresight comes to an end with the passing of Rakesh Jhunjhunwala ji; Rest in Peace Sir 🙏

https://www.businessinsider.in/stock-market/news/billionaire-investor-paul-tudor-jones-forecasts-the-economy-will-see-an-absolute-supersonic-boom-in-2021/articleshow/79556234.cms

Billionaire investor Paul Tudor Jones forecasts the economy will see an 'absolute supersonic boom' in 2021 Billionaire investor Paul Tudor Jones told Yahoo Finance the economy will see an explosion of growth next year as the coronavirus vaccine unleashes pent-up