Nifty is again likely to reach record highs since SGX Nifty is indicating 15400 levels By Dr. V K Vijayakumar, Geojit Financial
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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"
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