Valuation of PSU stocks has become less attractive, says Akhil Kalluri of Franklin Templeton. The rally in small caps can be attributed to retail liquidity and the deployment of excess cash. Kalluri discusses the valuation risk in the broader market and the March quarter earnings. He also comments on the possibility of a re-rating if BJP comes back to power. Kalluri highlights power, defence, and capex as hot investment themes. He further mentions the future prospects of financial giants and suggests an ideal asset allocation strategy with a long holding period.
This article explores the concept of Relative Strength Index (RSI), a momentum oscillator used to measure stock price movements. It discusses the significance of RSI readings above 70 and below 30, and how monitoring RSI trends can aid in identifying potential price reversals and corrections. Additionally, it highlights a selection of 10 stocks exhibiting upward RSI trends.
