This chartist believes that the "bull market" in India is about to start

Suri also said that India is undergoing a major shift in the whole capex cycle and that the move seen in some of the capital goods, engineering, and infrastructure stocks is likely to continue.

"I like things which have not moved for decades and when they see a revival the upside is massive, the trends tend to be large and these sectors and themes have not done much, they have seen a bit of 6-12 months kind of a run and I have a feeling that this is going to be the big theme which is going to dominate the market for the next few years," he said.

Digital companies have been on the radar of the market ever since they had a euphoric listing in late-2021, early-2022. While Zomato has managed to turn profitable over the last two quarters, some of the other new-age businesses like Delhivery, Paytm and PB Fintech are still struggling towards their path to profitability.

The street has rewarded Zomato for turning profitable as well, as four out of the 27 analysts that track Zomato believe that the stock has the potential to test its previous record high of 160 and even surpass it.

Suri believes that there is a lot of money to be made in digital companies that have profit visibility.

"I find that the most interesting place will be the whole digital and tech space. A lot of these stocks, when listed about 2 years ago, were euphoric, and they fell 60-70-80% but a lot of them have got their act together. You have seen profitability in these and if bond yield, as I said that is the mother ship, tends to come off you will see a revival of these plays globally and a lot of these stocks will take out their earlier highs and there are going to be pockets," he said.

Indian equities began Samvat 2080 on a positive note, with the Nifty 50 ending above the mark of 19,500. The Nifty Bank also closed near the mark of 44,000 with sectors like IT and PSUs outperforming.