00:00I'm gonna go ahead and check out my
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01:19I don't know what I'm saying, but I don't know what I'm saying, but I don't know what I'm saying.
01:23So far, it's a high-probability event, but the levels of the lower levels are also necessary,
01:31so if we think that FY27 will be the all-time high,
01:35so June's lows were the 3100.
01:38And March's lows were the 22200.
01:41So if we say that the view is this,
01:47it's a high-probability event,
01:50and if we go up to 24750,
01:55then the all-time high is not going to go.
01:59We will see a record high in FY27.
02:01This is our view.
02:02We will see a record high in FY27.
02:05Will the desired level come back or not?
02:07This is my second question,
02:08but I will change this question.
02:10If there is a desired level come back,
02:12we will see a record high in FY27,
02:13so when will we hope that we will see these levels?
02:19If today's breakout is successful,
02:22Madam,
02:22I think that in October,
02:24this year,
02:26we will see 24750,
02:30on this market,
02:32and if it is clear,
02:34before the end of FY27,
02:37somewhere in February or March,
02:39we will see a record high in FY27.
02:42Okay.
02:44Quarter one earnings are going to be,
02:45sir.
02:46First of all,
02:47because the Middle East tension was running,
02:49there were a lot of geopolitical situations,
02:52there were a lot of geopolitical situations,
02:52in which we are saying,
02:53that companies are going to be
02:54on quarter one earnings,
02:55on quarter one earnings,
02:56there will be an effect.
02:58This was a surety.
03:00However,
03:00the situation is now under control,
03:02but the earnings will also see the effect.
03:05Crude oil prices,
03:06which were increased,
03:08it will see the effect.
03:09But the Bazaar has taken this factor in,
03:12and now the Bazaar is ready for it.
03:14What is the outlook?
03:15What is the earnings?
03:16How is the market looking at it?
03:18I am fully aware of that.
03:22I am fully aware of that.
03:23Mid-caps and small caps,
03:25if we are talking about indexes,
03:26I am talking about mid-caps,
03:28mid-caps has still been made all-time high.
03:30Small-cap,
03:31100,
03:33all-time highs,
03:35trade,
03:36this means,
03:38high crude prices,
03:40the earnings,
03:42the impact of the market,
03:44the market has already discounted.
03:47So,
03:48I feel like,
03:49here,
03:49Q1 earnings,
03:52if we are talking about it,
03:55people will be disappointed.
03:57I think it is already discounted.
03:59If it is not discounted,
04:00then,
04:01today,
04:01the markets are not all-time highs,
04:04or all-time highs,
04:05not all-time highs.
04:19This is a means of the market forward-looking mechanism.
04:25which we all know.
04:27If you have seen this,
04:30in the past 3-4 week,
04:32and,
04:33if you are talking about developments,
04:33when you see the developments,
04:34so much,
04:35it is almost 90.
04:36,
04:37in increase rates,
04:42It's 10-year interest rates, if I talk about 7.1% to today, 6.8% are up to
04:487.1%
04:49Yesterday, the RBI Governor said that there is uncertainty in markets that we can't think about the rate hikes.
04:56The oil prices are so low. Today, they are pre-war levels.
05:00We have seen $121 per barrel in Brent crude.
05:05Today, it is $73.
05:10If you ask me, if we go to one month,
05:20we feel like the rate hikes are guaranteed.
05:22Oil prices are below $100,
05:26but the things that happened in the past one month,
05:30we feel like the rate hikes are below $100,
05:34the price hikes are below $100.
05:36So, I think, technically,
05:41if I talk about mid-caps,
05:43if I talk about benchmark,
05:47mid-caps,
05:48there is a very clear pattern that is very bullish.
05:54And I think that,
05:55that,
05:56that,
05:56that,
05:57we don't go to the previous swing low,
05:59that,
06:02I think,
06:04that,
06:04that,
06:04that,
06:20and
06:21that,
06:21that,
06:21So, the chart looks like mid-cap index is 17,400 to the lower,
06:29the breakout is already in the chart.
06:31The breakout is already in the chart,
06:34so the breakout is already in the chart,
06:36that we can see,
06:36we can see,
06:37we can see,
06:38we can see,
06:43the risk reward is very attractive,
06:46if we can tell the technical picture.
06:47If I talk about fundamentals,
06:50forward P, mid-cap index,
06:54it is approximately 28,
06:59and it is below 5-year average.
07:04So, investors are definitely looking at mid-caps.
07:08Okay, mid-caps now is looking at value.
07:11These geopolitical situations,
07:14which have hit the bazaar,
07:15basically,
07:17only mid-cap and small-cap,
07:19there was a big hit on the large-cap.
07:24What is your outlook on the large-cap?
07:26What is your outlook on the large-cap?
07:28What is the outlook on the large-cap?
07:29What is the outlook on the large-cap?
07:41what is the outlook on the large-cap?
07:46My instinct is not very much.
07:53What is the outlook on the large-cap?
07:55It is very good.
07:56What we look for the outlook on the small-cap?
07:59Yeah,
08:00although the outlook on the large-cap is,
08:04we are definitely doing the hip-cap,
08:05and the growth on the large-cap,
08:05but the markets are already leading up to mid-cap,
08:07and the downturns are really looking forward to all-time.
08:08So today, if you will ask me that from the valuation perspective, large caps, mid caps
08:15and small caps, which is the most attractive one for long-term investors, if we look at
08:21the standpoint of the long-term investors, it is nifty, large caps.
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