Right now I feel market is at a premium of around 2 to 3 percent. Not more than that. This is on the basis of fundamental analysis. And we are like 14 percent away to 20k. So total we may need a good growth of around 16 percent. Considering the constitutions of nifty I feel it’s very much possible. If IT reverses from here and sees a upside of 10 percent, that in itself be equal to 3 percent in nifty. Then there are hdfc twins. If merger is completed we may see some upside here too. Reliance is also yet to move big. So I am taking this guess of 20k.
Technically you guys understand better. I don’t.
So yes. You can call it a guess. Or gut feeling. Or anything.
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