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Below views on Nifty's journey to reach 20,000 By Gaurav Verma, smallcase manager, Director 21G Investment Advisers Pvt Ltd

“Our market view is very positive, specially as Nifty is nearing to much awaited 20,000. Good thing is that we have seen a very bullish up move from 19000 towards 20000. Why? Because this up move is very steady and not very not fast; it tells us it’s going to stay for long, and every sector is rotating, going up, consolidating, and another sector is going up; it’s going to carry on.

We have a very affirmative target view that Nifty should hit 22,000, and we believe that the up move which has started in the last week of March 2023 is just half way up and it is likely going to continue moving up. Also, this is also true that many have missed the bus, it doesn’t look toppish or anything right now. Investors are just beginning to invest.

The major triggers would be that every decade the country has an edge, India is in a very good position, like all of the NPAs has solved all of the problems we have had in the previous decade, we are preparing for growth, and inflation is under control, which appears to be the case, and the rally should continue. We believe that the long-awaited huge bull market has arrived.

It’s been just three months since this rally has started, and if we see a previous bull markets, we had a very big bull market from 2003–2007, and another big one was from 1981–1991. So, we think we are five or ten years away from the long bull party coming to an end. So, the party just began, and we should all ride wisely staying invested and enjoy the party.”

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