Market Outlook for Jan 2024 by Rakesh Pujara

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Markets ended up 2023 in style! Nifty climbed 18% and Bank Nifty rose 12% only and underperformed nifty. Highlight of the year was mid cap and small cap which Rose 46% and 47% respectively. Going forward we expect large caps to perform better than small caps and mid-caps in 2024!

We have identified 7 sectors and 24 stocks which we think will perform well in 2024:

Sectors:
1. Energy

2. Infrastructure

3. Reality

4. PSU Banks

5. IT

6. Metals

7. Auto

Out of these sectors we have identified following 24 stocks which we think are going to do well in 2024:

January to March will be a little cautious period to invest and post that a full-blown bull markets are expected.

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Disclosures: Link
Please Note that Some of the Strong Stocks shown in the List could already be Long under our Smallcase (cwa.smallcase.com) & Advisory Services, the list is not the recommendation to buy at current level.

Rakesh Pujara

Rakesh likes to look at long term trends and takes into account a number of factors such as global macro, fundamentals and technicals. In 2013, after he became the CEO at Naman, he established the algo trading desk which is very close to his heart. It contributed a major portion of the revenue of the prop trading desk. Inspired by the results in the algorithm desk, he formed his own company Viz. Compounding Wealth Advisors LLP which is a SEBI registered Investment Advisor & is in the business of advising clients on generating all weather, absolute alpha generating risk adjusted returns.

Market Outlook for Dec 2023 by Rakesh Pujara (Updated as of 22nd Dec, 2023)

Which major trends guided the markets in 2023?

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