http://www.moneycontrol.com/news/trends/expert-columns-2/tulsian-tells-these-factors-will-see-nifty-hit-20k-sensex-65k-in-less-than-5-years-2351399.html
Tulsian tells: These factors will see Nifty hit 20K, Sensex 65K in less than 5 years....
SP Tulsian Aug 07, 2017 10:31 AM IST | Source: Moneycontrol.com
The Nifty’s move to 10,000 in the last week of July, has boosted market sentiment. As with any big move, this one too was quite swift and unexpected, with the index gaining 500 points in one month alone.
“Is this rally sustainable?” is the question uppermost in the minds of media, stock market experts, brokers and investors. I have been positive on the market since January (even when most experts were cautious or negative) and predicted the Nifty hitting within 10,000 sometime during the year. I remain positive, not just for remainder of 2017, but for the next four-and-a-half years, during which the Nifty can go all the way up to 20,000, and the Sensex to 65,000.
Rakesh Jhunjhunwala.........Aug 05, 2017 04:48 PM IST | Source: Moneycontrol.com
In his recent interview with CNBC-TV18 earlier in the year, Rakesh Jhunjhunwala said that investors should not get worried about one day of correction as "we are far away from the peak". Nifty is more likely to double in the next 4-5 years, he said.
The bull market will only eclipse when three factors are present — valuation froth, commitment froth and when there is bad news, he explained. Elaborating on them, Jhunjhunwala said just by valuation froth, bull markets will not end. By commitment froth, it means that there is a lot of leverage buying, which is still not there. The third factor is bad news and when investors sell on the bad news, there is no buyer.
Rakesh Jhunjhunwala.........Aug 05, 2017 04:48 PM IST | Source: Moneycontrol.com
In his recent interview with CNBC-TV18 earlier in the year, Rakesh Jhunjhunwala said that investors should not get worried about one day of correction as "we are far away from the peak". Nifty is more likely to double in the next 4-5 years, he said.
The bull market will only eclipse when three factors are present — valuation froth, commitment froth and when there is bad news, he explained. Elaborating on them, Jhunjhunwala said just by valuation froth, bull markets will not end. By commitment froth, it means that there is a lot of leverage buying, which is still not there. The third factor is bad news and when investors sell on the bad news, there is no buyer.
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