Nifty may touch 9100 by October itself
Markets are going up and they will keep going up for some more time. “Liquidity is gushing everywhere. The US Fed has indicated that even next year, rates won’t go up. They have reduced their targets.” So, unless the US were to go into a recession, this trend will continue, warning the upcoming US elections are going to be a test. His target for Nifty in March 2017 was 9100, but the index will touch it by October this year itself, given the liquidity.
By March we will still be at 9100, but after that we will go in for a substantial correction of about 10 percent. They forecast 12-14 percent earnings growth for this fiscal year. In the upcoming quarter, the expects earnings to be about 5-6 percent.
But in the second half with the base effect, there will be a surge in earnings. Auto stocks look good, but they are expensive. Regarding rate cuts, the RBI will cut rates, but bond yields will remain where they are.
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Markets are going up and they will keep going up for some more time. “Liquidity is gushing everywhere. The US Fed has indicated that even next year, rates won’t go up. They have reduced their targets.” So, unless the US were to go into a recession, this trend will continue, warning the upcoming US elections are going to be a test. His target for Nifty in March 2017 was 9100, but the index will touch it by October this year itself, given the liquidity. 
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