Large caps gear up to drive market; capital goods, insurance, auto, pharma gain momentum
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Technical indicators show that select large cap stocks are getting well positioned to gain ahead after the recent fall in small and midcap stocks. Elara Capital’s head of derivatives research Sunil Jain shares insights into his top sector and stock picks that are gaining momentum.
Jain has identified that strong momentum is picking up in capital goods, pharma, auto and insurance sectors
Following the recent crack in small and midcap stocks, technical indicators show that it’s the large cap stocks that are well positioned to drive market gains from hereon, with momentum building in capital goods, pharma, auto and insurance sectors.
Sunil Jain, Senior Vice president Derivatives and Alternates at Elara Capital, shared with Moneycontrol insights on the latest technical trends in the market, sectoral outperformers and stocks gaining upside momentum in near term. Sunil Jain has 20 years of
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