I don’t have much success with macro prediction till now. RBI most probably keep the interest rate constant in line with the FED rates. Recession fears have started to emerge in the US. Some of the SME companies are trading at insane valuation. Volatility will also increase as we have elections next year.
On the positive side, any cut in interest rate by RBI due to reduction in inflation will benefit the market. There is chance of end of war after US election which will prevent recession.
No action can be taken at present based on macro data.
I am focusing on Consumer based companies at present. I am avoiding chemicals and pharma at present.
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