2018 is almost over. I think 2019 will be the year of political chaos. Modi Govt. probably overestimates it's chances and might still be largest party but will lose the absolute majority. This will make regional parties king makers in a coalition govt and will bring chaos.
I expect some major political chaos. Not exactly sure how but general elections being in 2019 gives a good chance. We will see how it goes especially some regional elections starting in December this year e.g. in Rajasthan, MP etc.
Any weakness in political stability will transfer to Rupee as I expect rupee to depreciate more. A substantial rupee fall will help the stocks but not initially while foreigners flee.
TCS and IT stocks may stabilize by then but will get a low before that. TCS at 1400 or 1500 is a good price.
I expect some major political chaos. Not exactly sure how but general elections being in 2019 gives a good chance. We will see how it goes especially some regional elections starting in December this year e.g. in Rajasthan, MP etc.
Any weakness in political stability will transfer to Rupee as I expect rupee to depreciate more. A substantial rupee fall will help the stocks but not initially while foreigners flee.
TCS and IT stocks may stabilize by then but will get a low before that. TCS at 1400 or 1500 is a good price.
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