Expect 5500 sooner or later: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, director, trendwatchindia, talks about the outlook of the Nifty.

In a chat with ET Now, Deepak Mohoni, director, trendwatchindia, talks about the outlook of the Nifty.

We should get there. It's a very slow uptrend, but it is an uptrend. We are just sort of crawling along like a passenger train but it is going in the right direction. The overall long-term volatility is probably the lowest we have seen in a long time. This is one of the reasons why the moves are slow. A similar situation is there globally. So, there is no reason why we would do anything differently. So, expect 5500 sooner or later, and 5550 another month later. A couple of months from now we will be talking towards slow progress towards 5600.