03-12-2021 11:49 AM | Source: Geojit Financial Services Ltd
Nifty is again likely to reach record highs since SGX Nifty is indicating 15400 levels By Dr. V K Vijayakumar, Geojit Financial
News By Tags | #607 #4943 #879

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Below are Views On Nifty is again likely to reach record highs since SGX Nifty is indicating 15400 levels By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The 'risk on' in global equity markets got another push with the passage of the US $1.9 trillion fiscal stimulus. Nifty is again likely to reach record highs since SGX Nifty is indicating 15400 levels. IT has been leading this leg of the rally. Now financials may catch up. Buy on dips' has been a successful strategy so far. Now, since markets have run too much, at around 15400 Nifty, it is better to take a pause rather than buy. Partial profit booking also may be considered. The market has high resilience and the momentum is favourable but valuations and risks are high"

 


Above views are of the author and not of the website kindly read disclaimer