Shah noted that some investors still question valuations and whether Indian markets can return to previous highs, while most global markets are trading at all-time levels. He said recent weeks have seen broad participation, with many previously underperforming stocks improving.
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Shah highlighted sector opportunities, saying auto, metals, and banking are leading areas. “Stick to auto, stick to metal, stick to banking. Those three are our top picks,” he said. He also pointed to midcap and smallcap stocks as areas with strong potential, citing stocks like Eternal, which he said has shown “an incredible run.”On precious metals, Shah said gold and silver continue to offer gains. “$3,850 per ounce is an important near-term resistance” for gold, he said, while silver could rise about 20% from current levels.
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Shah also discussed US markets, noting strong performance and ongoing upside potential. He expects the S&P 500 to reach 6,960 and sees more gains in the Nasdaq.
He advised investors to stay concentrated and avoid sectors showing weak performance. “Don’t commit where there is no relative strength,” he said, emphasising that focusing on quality stocks and sectors with momentum is key.
For the full interview, watch the accompanying video
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