Which stocks to invest in after the budget? Follow these tips from market gurus and earn big money

Budget 2024: The government may be celebrating the budget, but for the common people it is no less than a shock. After giving with one hand and taking with the other, there remains a situation of happiness and sadness regarding the budget. After the general budget of the country, weakness is being seen in the stock market. Today we are trading within the market range. In such a situation, what should long-term investors do, where should they invest money in the market now, market guru Anil Singhvi has analyzed this.

This is a good thing about the budget
– Fiscal deficit is below 5%, which will lead to profits.
– Focus on increasing employment of youth
– Relief to small taxpayers will increase consumption.

These are the negative things in the budget
– Increase in capital gains tax and STT
– Now more tax benefits on gold and property
– Buying gold has become more attractive
– There is not much mention about developed India in the 5 year roadmap

What impact can the budget have on the market?

– Recovery is faster than the decline
– The market saw that money has great power.
– Most people and funds are underinvested, people are sitting with huge amounts of cash
– After the event everyone has to invest money in the fall.
– There will be no further downside as long as retail flows remain strong
– Both election results and budget are not as expected
– The market passed two stress tests with full marks
– The fall in the market was small and that too short-lived

What is the market sentiment after the budget?
– No change in long term view
– People will earn money but less and that too slowly.
– Index management will continue, some sectors will strengthen and some will see profit booking.
– FMCG, IT, Pharma industries will support the index
– No quick recovery in metals and banks.
-Expensive PSU stocks will fall, buying in cheap stocks like oil and gas will continue.
– Nifty will spend time in the range of 24000-25000
– Nifty will find strong support at 24000-24200, profit booking will come at 24800-25000.
– Bank Nifty will remain negative to neutral until ICICI and Axis results are out.
– FII index long position still stands high at 74%
– The risk in the market is only on selling by FIIs,
Liquidity will reduce as more large block deals and IPOs occur.