The Truth About Markets After Budget 2022

Published: Mon, 01/31/22

Dear ,

What is your view of Nifty before the 2022 budget? Will Nifty reach the 20,000 level?

If this is not a time question then the answer is probably yes. With the Economic survey having pegged growth at 8.5% for FY2023 imagine earnings growth for the Indian industry to come in at 25% at least and that gives you the upside potential for Nifty in the year ahead. If the budget propels the growth momentum a little higher then the sky is the limit. Right now we are all being conservative and underestimating India's capability to grow even as our banking and corporate sector is now more deleveraged than ever and a lot of the problems of the past are passe.

In short achieving 20,000 or more is not a herculean task anymore. It is only a matter of time. Unfortunately for some bizarre reason as we come out of the pandemic the sentiment is extremely negative on our expectations from the future of the economy. This even as India has been the most resilient in its performance relative to both Emerging markets and Asia.

The problem the government now faces is not to create growth, but to sustain the growth momentum and make it more inclusive. The end of the pandemic will do half the job there as most services that were working below capacity will now start operating at higher levels of capacity. Demand for labor will come back and even face labor shortages as labor may have moved to other occupations.

The process has started and time is the enemy.

Rohit Srivastava

The Truth About the Markets

Today's Updates

Get Real Time Updates

On Every Market As Trends Unfold

Elliott Wave Updates

Right On your Mobile

Discuss with Rohit Srivastava

Notifications of your Choice

Download Now and Rate 5*

Click for Android

Click for IOS

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Rohit Srivastava
www.indiacharts.com
For accurate market analysis. Technical analysis is a study of past data to assess future probable outcomes. It is our endeavor to discuss high probability set ups for traders and investors in good faith. However this is not a solicitation to buy or sell stocks futures or options or any security. Trading in any financial market should be done with sound knowledge and the help of a qualified investment adviser. Stocks based on the Elliott wave model are based on the Fibonacci fractal of the market and momentum indicators, Levels are based on Fibonacci maths and are only indicative of what the mathematical model throws up. Readers may download the free Elliott Wave Calculator to do it themselves. This is not a research report. We are not investment advisors This is not a recommendation to buy/sell.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Value Wave Stocks discusses the short term trading set ups that we use while taking our trading decisions. Value wave Investments. discusses the long term set ups that we use while taking our investment decisions. We may have holdings in these stocks and are interested in these opinions. This is not the only reason considered while taking our actions. Kindly take the help of a qualified investment advisor before trading. We have active open long and short positions in the futures/options/stock/commodity/currency markets at any point of time. The opinions here are for your education and understanding only of how we identify stocks to trade/invest in. We change our opinion daily and even hourly. Any actions taken by you are at your own understanding and risk. We do not offer personalised advise or research of any kind.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You have received this mail because you signed up for it on our website and agree to our terms and conditions and privacy policy listed there. If not, you may unsubscribe with the link below at any time.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please do not reply to this message. email to indiacharts@gmail.com