Bullish on real estate; prefer metals, IT: Goldilocks Premium
Goldilocks Premium Research is bullish on real estate space, Gautam Shah, founder & chief strategist, told CNBC-TV18. Shah also said that the firm prefers the metals and IT sector.
Goldilocks Premium Research is bullish on real estate space, Gautam Shah, founder & chief strategist, told CNBC-TV18. Shah also said that the firm prefers the metals and IT sector.
He said, “If that (metal) index were to get past 6,300, I see another 10 percent upside on the metal index. So that’s one space we like on the long side. IT after a large fall seems to be stabilising at current levels. So, IT could stabilize. It’s probably one place to hide but everything else does not have a good set-up.”
“However, my bullish view on real estate does not change. This is a great opportunity for investors to get in and if you have a 12-36 month horizon then real estate is one of the best bets to buy at these levels,” said Shah.
He is optimistic that Nifty will bottom out at 15,900-16,000. “Geopolitical concerns, in the last 20-25 years, have given excellent buying opportunity. If you have to stagger your investment over the next 4-6 weeks, hopefully by then everything stabilizes, I think based on risk rewards, anything around 16,000, this market is a good investment buy,” Shah said.
He further said that Nifty Bank has underperformed and could revisit the 34,000 levels.
For more details, watch the accompanying video
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Telangana Lok Sabha elections 2024: Asaduddin Owaisi to Bandi Sanjay Kumar, a look at key candidates
May 11, 2024 3:32 PM
Lok Sabha elections 2024: Hyderabad to Kadapa, key seats in fourth phase
May 11, 2024 2:54 PM
Telangana Lok Sabha elections 2024: List of BRS candidates
May 11, 2024 1:55 PM