Wednesday, 11 January 2017

See Nifty touching 9000 in six months; bullish on metals


The worst is getting over, Nifty to touch 9000 levels in six months from now. He said a 17-18 percent increase in Nifty can be seen in the third quarter as banks and metal stocks will perform better. He believes that banks and consumption will have to take the lead as investment will take sometime to pick up. He is also bullish on metal space after Donald Trump's election and US market moving up. 

If US economy starts to grow at a better rate then it is not too late to invest in metals stocks. State elections are round the corner and the polls are the most important cue in 2017 for the markets. As for the emerging markets, he says US will play a very important role.

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