IGI Logo

Below is quote On Sensex scales 59K for the first time by Mr. Rahul Sharma, Co- Founder, Equity99.

Markets have made New all-time high with Sensex touching the 59000 marks for 1st time. The rally is driven by various PLI schemes introduced by the government. Further, we expect the bank to perform well as they have not yet participated in the rally, other than we don’t recommend any fresh buying at this level as markets have made a huge move in a short time. We advised investors to keep strict stop loss to their positions. Some correction is required to get a good valuation to enter fresh in the market, but scenarios which we are witnessing along with the developments from Govt. shall surely keep us in a bull run, except if any global scenario changes take place.

Nifty short term target 18000 and long term target 20000. Sensex short-term target 60500 and long term target 66000

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