BANKNIFTY | DIRT CHEAP | BUY

l’altro ieri

Banknifty is trading at it's lowest possible valuation; few things that aided for the slide :
1. Dollar index spike
2. FII Sell off due to dicey Macro data
3. Media hype of HPMV virus

I Think there's a sharp recovery that will happen aided by:
1. Huge short cover
2. Trump assuming office
3. Dirt cheap PE
4. RBI policy to strengthen INR or reduce IR

Apparent, if we buy big pvt banks now, they will give more returns than FD for sure.
Valuation looks very attractive. Time to go big bug in this range of 49000-52000.
I will keep buying every day as long as this

My assumption is, when it starts recovering, it will be too fast and too quick to catch