Markets setting base for next fall, 15-20% correction could happen: Anil Manghnani--- What is your comment on this ?
PN Vijay, Portfolio Manager
we will make that intermediate high in December sometime before the budget. The headwinds are there and the tailwind is obvious. The scotching industrial growth in India and the gross domestic product (GDP) is giving a strong tailwind to the whole Indian stock market. On the other hand, the tidings globally are very mixed.
Therefore, we need a bit more for this market. I do not see enthusiasm which would associate with a market where people were expecting a bull market high. So it is not ten on zero that we will make a new high in December. I believe we should be there sometime before Indian budget.
If th ...more
no major correction in near future.