4 months back, in the gloomy July, I said we’re heading towards new highs here
Here we are. At all time highs at 18,600+
Massive money is made in past 4 months by those who bought the lows!
While there are people who are already getting carried away & saying we may see 30,000 by 2023, personally, I think, that’s less likely.
We may see Nifty surpass 20,000 mark by 2023.
Now that we’re at 18,600, at all time highs, we should be mindful of following:
- Avoid buying companies trading at premium valuations.
- Risk-rewards of buying now compared to 15,200 levels.
- Buy only where huge margin of safety is visible.
- Prefer large caps for safer side.
- Avoid getting carried away with the new highs & overshadowing the risks.
On the short term, one need to be cautious in buying.
On the long term, I’m bullish more than ever & believe we’re heading towards Sensex 10,00,000 by 2050!
For next 3 decades, bet against anyone, but India! We’re just at the beginning of the grandest of the bull market!
Remember, it’ll pay you to be rational optimist on India. It’ll cost you to be an irrational pessimist on India.
Wish you all a profitable investing journey ahead!
