Expect good buoyancy in automobile sector, says Vikas Khemani of Carnelian Capital Advisors

He added, “Secondly, automobile again, is a sector where it is coming out — it has not performed for last five years, almost four or five years — and once the chip shortage is getting over volumes are going to pick up and good amount of buoyancy will remain out there.”

On market, Srivastava said, “The positive part of the market for the last … three years, has been that the shorts always lose money in this market. For good or bad, when the market fell, the shorts were in a very low position, by the time they built up the position the market has reversed. My guess is that what you are seeing today in Bajaj Finance is more a short covering the actual buying in the market.”