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"Jindal Steel has become an extremely attractive buy at this price, along with Tata Steel. Other than steel, Hindalco and Hindustan Copper. If you have a three-month period, these stocks can give a 20% return as both ferrous and non-ferrous have come back on the table with China spending and the underperformance coming to an end."

​ This indicates a bullish sentiment in the market as the average traded and delivered quantity for five days along with the cumulative open interest and price for the underlying stocks have increased. ​

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

The auto ancillary sector is likely to outperform, with expectations for the Nifty Auto Index to reach 15,000 levels. The tyre stocks are showing a lot of traction, with Ceat sitting at an all-time high level. This is why it is a preferred stock with a target of Rs 2,250-2,350. M&M is another recommended stock to have in the portfolio for the medium to long term despite not taking off. With recent retracement to 38% of its recent move, it is a good time to enter the stock.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, eight stocks crossed their previous 5-year high value at the close on May 25, suggesting bullishness in counters.

We have remained bullish on the India theme, but at the same time, we had some hiccups on the global fronts because of the Russia-Ukraine war, inflation, interest rate hike cycle among others. Having said that, India has outperformed a lot and things are now getting repaired globally.

Overall, markets are well poised to deliver healthy returns as the earnings growth trajectory continues to remain strong, and equity markets will see healthy double-digit returns.

Nikola has been trying to raise cash for operations by selling equity, like other electric vehicle (EV) firms, in a turbulent market, and on Wednesday urged shareholders to vote in favor of increasing the number of shares at its annual shareholder meeting next month.

Consolidation has been observed in both AMC and insurance sectors, leading to opportunities on a stock by stock basis. Valuations in the insurance sector were at their peak, resulting in significant over-ownership, and hence, consolidated for the last two years. Likewise, AMC valuations rose due to uncertainties around expense ratios. However, the prices of AMC and insurance stocks have not fallen despite the adverse news on expense ratios, suggesting that such news has already been built into prices.

Private equity and venture capital investment into closely held companies routed through jurisdictions not mentioned will have to undergo scrutiny under the angel tax provisions for valuation.