Investment Guru Rakesh Jhunjhunwala sees the Nifty trading in a 4,200-4,000 to 5,800-6,200 range next year andthat breaking 6,100-6,200 on the Nifty and holding on to it is not going to be an easy task. If you price in 2011-12 index earnings, which you would do by December 2010, then it could break 6100. He sees the markets trending upwards correction won’t come easily.
Samir Arora, Fund Manager, Helios Capital, says the new highs, if reached, will not be sustained in the next 5-6 months.
Ramesh Damani, Member, BSE, says the Bull Run in markets is still on. From October to March or earlier was just a break in a bull market.
The theory working in America now is that the falling dollar equals to a higher Dow. At some point it will stop, one cannot debase a currency and expect the market to keep going up.
He advises investors to buy gold as it provides a safe haven if there is a global turmoil. The long-term trend lines are still intact, but global turmoil will hit the Indian market.
A number of market experts have been saying that the markets are currently overvalued and ripe for a correction.
Samir Arora, Fund Manager, Helios Capital, says the new highs, if reached, will not be sustained in the next 5-6 months.
Ramesh Damani, Member, BSE, says the Bull Run in markets is still on. From October to March or earlier was just a break in a bull market.
The theory working in America now is that the falling dollar equals to a higher Dow. At some point it will stop, one cannot debase a currency and expect the market to keep going up.
He advises investors to buy gold as it provides a safe haven if there is a global turmoil. The long-term trend lines are still intact, but global turmoil will hit the Indian market.
A number of market experts have been saying that the markets are currently overvalued and ripe for a correction.
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