Nifty bull run: 10,000 points in 1.5 years! Anil Singhvi lays out strategy for short-term, long-term investors, says Nifty will scale more heights in near future
Anil Singhvi, Managing Editor at Zee Business said, 17650 was the first target of the bull run, and in one month Nifty has gained 1000 points, which is a dream run. The market guru added that Nifty is exactly 10,000 point up from its lowest level of around 7,511 on March 23, 2020.
In conversation with Anil Singhvi, Managing Editor at Zee Business, Deepanshu Bhandari, Anchor and Head Research, said that exactly one month ago on August 16, they revisited the formula on bull run about when market can scale new high or bottom out.
He said that Nifty was around 16550 on August 16, and from there if we see its growth till September 15, then in one month Nifty has shown a rally of around 1000 points and the bull run formula has been proven correct.
Speaking on the topic, Anil Singhvi said, 17650 was the first target of the bull run, and in one month Nifty has gained 1000 points, which is a dream run. The market guru added that Nifty is exactly 10,000 point up from its lowest level of around 7,511 on March 23, 2020.
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He said that in 1.5 years Nifty has gained 10,000 points while in terms of percentage it has more than doubled and in one month it has shown a growth of 1000 points.
However, he added that it is the first target of the bull run and explained that bull run does not mean that the market will not see any up down in between and will move in a straight line. It never happens, he added.
मार्च 2020 से अब तक 10,000 तक बढ़ा #Nifty
अनिल सिंघवी- निफ्टी में अभी और तेजी बाकी, निफ्टी अपने करेक्शन जोन से बाहर आ गया है, अब बड़े करेक्शन की संभावना नहीं
— Zee Business (@ZeeBusiness) September 16, 2021
The market expert said ultimately the target of Nifty is high at around 19000 then 20400 and then around 21080. Singhvi said that these are his targets for coming future that is in 3-5 years. However, he said that seeing the current speed Nifty can also reach these targets in a year but also seeing the time it has taken till now reaching these targets will take some time.
He further said that one month ago we discussed that Nifty has come out of its correction zone and there is no possibility of major correction now. Corrections of 400-500 points can come otherwise it will rise nonstop to the target of 17650.
For the long-term investors, Singhvi advised that there is nothing to worry now, investors have entered a good level. Market will show bit volatility but they should keep invested.
While to the short-term investors, the market expert said that this is the best time for short term traders to trade. The only thing they need to take care of is to be in the right sector and right stock which has action, he added.
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