Anavaran

Investment Outlook:

Valuation looks stretched. Moderate economic conditions restrict room for upside price movements. However, ample liquidity and political machoism in election year will prevent massive slide in share prices.

Benchmark indices to remain range bound in coming year, at least for first half of 2024. Unexpected election results could create surprise in second half.

2024 Outlook: Nifty to remain rangebound from 20-24K in coming year.

Let's hope for the best.

Investment Outlook:

Liquidity galore leads to surge in share prices. Current market prices have raced way ahead of their fair values. Market has mistaken medicines as steroids.

2021 Outlook: Sensex expectation ranges from 20 or 21K to 20 and 21K i.e 21K-41K. At current levels of 48K, the forward path looks more like passing through Marianna Trench rather than scaling Mount Everest.

Keeping fingers crossed.