If you are thinking the stock markets are overheated and one must wait for correction, you must check out what Manas Jaiswal, Technical Analyst has to say.
The Nifty has climbed over 15,000 in a short run and Jaiswal believes this may well be the beginning of the Nifty’s journey towards 30,000.
“Expect Nifty to move towards 30,000 levels over the next 3-4 years”, said Jaiswal.
According to him, banks and financials will be in focus in 2021. He also believes in the auto space, investors can keep Maruti and Bajaj Auto on radar.
As for the strategies, he says one must adopt in markets which are trading at near all-time highs and pick select stocks while keeping the risk appetite in check.
He also mentions stop losses are of extremely high importance when it comes to short-term trading.
Manas believes while 2020 has been a milestone year for markets with respect to even addition of new investors,
the current rally in markets is further likely to get many more investors on board as equities remain one of the
best investing options available to us.
Published: May 16, 2024, 11:55 IST
