Where is the NIFTY @20K shirt?

[Jason_Castelino]

@jashjacob

It’s not even Sep 2023 yet.

I actually gave the reasons too.

@Jason_Castelino

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.

I have also mentioned about 21k by March 2024 somewhere in this forum.
Now let’s see if that happens.